Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M-47 used $350 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job?
A. $708
B. $852
C. $456
D. $1,140
E. $720
Answer: D
Business
You might also like to view...
A job description defines and discusses all the essential knowledge, skills, and abilities that are needed to fill a position.
Answer the following statement true (T) or false (F)
Business
If merchandise is sold for $100 with credit terms of 2/10, n/30 and cash is received within the discount period, the journal entry would require a:
a. debit to cash for $98. b. debit to cash for $100. c. credit to sales discount for $2. d. credit to accounts receivable for $98.
Business
Describe series interviews
Business
Choose the correct word or words in parentheses. If John (was, were) coming, he'd be here by now
Business