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Three jobs are to be assigned to three machines. Costs for each job-machine combination appear in the table below. Find the total cost using the assignment method.
Per-Unit Cost
The cost associated with producing or acquiring a single unit of product.
Finished Goods Account
An inventory account that holds the value of products that are completed and ready for sale.
Controlling Account
A general ledger account that summarizes the total balances of several subsidiary accounts, facilitating the organization and tracking of financial information.
Direct Labor Costs
The total cost of labor that is directly involved in the production of goods or services, which can be easily traced to the product.
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