Venus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of June, Venus completed Job 13C and its details are as follows:
Direct materials cost $6,360
Direct labor cost $20,000
Direct labor hours 34 hours
Units of product produced 220
What is the total cost incurred for Job 13C?
A) $27,632
B) $24,000
C) $10,360
D) $30,360
D .D)
Direct materials cost $6,360
Direct labor cost 20,000
Manufacturing overhead ($20,000 x 0.2 ) 4,000
Total cost of Job 13C $30,360
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