question archive The records at Smith and Jones, Inc
The records at Smith and Jones, Inc
Subject:BusinessPrice:2.87 Bought7
The records at Smith and Jones, Inc. show that Job 110 is charged with $10,000 of direct materials and $12,000 of direct labor. Smith and Jones, Inc. allocate manufacturing overhead at 80% of direct labor cost. What is the total cost of Job No.110?
A. $31,600
B. $12,000
C. $30,000
D. $ 22 000
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Answer:
Total cost of job 110 = Direct material + Direct labour + Overheads
$10000 + $12000 + 0.8* $12000
= $31600 ( option A )
