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Redman Company Manufactures Customized Desks What Is the Total Manufacturing Cost for Job No

question 18

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Redman Company manufactures customized desks. The following pertains to Job No. 978:  Direct materials used $15.450 Direct labor hours worked 360 Direct labor rate per hour $15.00 Machine hours used 300 Applied factory overhead rate per machine hour $22.00\begin{array}{lr}\text { Direct materials used } & \$ 15.450 \\\text { Direct labor hours worked } & 360 \\\text { Direct labor rate per hour } & \$ 15.00 \\\text { Machine hours used } & 300 \\\text { Applied factory overhead rate per machine hour } & \$ 22.00\end{array} What is the total manufacturing cost for Job No. 978?

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Definitions:

Inventory Turnover

A metric demonstrating the rate at which a business's inventory is sold and restocked over a designated span.

Cost Of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Receivables Turnover

A financial metric that measures how efficiently a company collects cash from its customers by dividing net credit sales by average accounts receivable.

Collection Period

The average number of days it takes for a business to receive payments from its customers after a sale has been made.

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