Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingFinishingMachine-hours 18,000 14,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$99,000$70,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.70During the current month the company started and finished Job T617. The following data were recorded for
this job:Job T617:FormingFinishingMachine-hours 90 20Direct labor-hours 30 60Direct materials$940$350Direct labor cost$960$1,920The total job cost for Job T617 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $3,020
B. $5,604
C. $684
D. $2,584
Answer: B
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