8 9 10 QUESTION 1 Sivret Corporation uses a job-order costing system with a sing

Question

8 9 10 QUESTION 1 Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: otal machine-hours otal fixed manufacturing overhead cost ariable manufacturing overhead per machine-hour Recently. Job M598 was completed with the following characteristics: 80,000 624 $3.10 60 Total machine-hours Direct materials Direct labor cost 645 $9,000 The total job cost for Job M598 is closest to: $12,915 O$9,645 $12,270 $3,915 Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

Dear Student thankyou for using chegg Please refer the following answer and gives thumbsup Calculation of total job cost for job M98 : Particulars Amount(in $) Direct Material Cost(A) 645 Direct Labour Cost(B) 9000 Variable cost © 930 (300 machine hours * $3.1 per hour) Total Variable cost(A+B+C) 10575 Add: Fixed cost 2340 ($624000/80000machine hours*300machine hours) Total Job Cost(10575+2340) 12915 So answer is part 1 that is $12915

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