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Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes...

Question

Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes...

Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phone
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 8 hours of labor @ $30 per hour and $2,261 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $101,053 for the year. The company expects to do 70,485 jobs for the year. The company also expects to use 537,594 labor hours for the year, direct materials are expected to be 567,575 for the year. Question: If Extreme allocates overhead to jobs based on direct material dollars, what is the total cost of Job 45344? Round each intermediate step to the nearest 2 decimal places. Round your final answer to the nearest dollar.

Answers

Overhead rate 17.80% =101053/567575
Direct labor cost 240 =8*30
Direct materials cost 2261
Overhead applied 402 =2261*17.80%
Total cost of job 45344 2903 or 2908

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