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Calico Corporation produced 2100 units in Job 903. The following data is provided for Job 903 for the year: Direct materials used $2400​ Direct labor costs $798​ Actual manufacturing overhead rate per direct labor hour $17.15 Predetermined manufacturing overhead rate per direct labor hour $18.60​ Direct labor hours used in Job 903 42​ Direct labor rate per hour $19​What is the total cost of Job 903 before adjustment for over- or underapplied overhead?

Respuesta :

Answer:

Gross profit  = $3370.8

Explanation:

Given data:

direct material used $2400

Direct labor cost = $798

Actual manufacturing per direct labor hour rate =$17.15

Predetermine manufacturing per direct labor hour rate =$18.60

labor used in Job 903 = 42

labor rate per hour = $19

assume sale per unit =$3.50

[tex]sales\ Revenue = No.\ of\ unit \times $3.50 = 2100\times 3.5 = 7350[/tex]

[tex]over\ head  = direct\ labor \times Predetermine\ manufacturing\ per\ direct\ labor\ hour\ rate[/tex]

[tex]over head  = 42\times 18.60 = $781.2[/tex]

Total cost  = 2400 + 798 + 781.2 = $3979.2

Gross profit = sales revenue - total cost

                     = 7350- 3979.2

Gross profit  = $3370.8

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