Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:
Recently, Job P951 was completed with the following characteristics:
-The total job cost for Job P951 is closest to:
Definitions:
Perpetual Inventory System
An immediate inventory recording technique utilizing computerized point-of-sale systems and enterprise asset management software to document sales or purchases.
Freight In
The cost of transportation or shipping of raw materials or goods into a production facility or warehouse.
Periodic Method
An accounting system where inventory values and cost of goods sold are determined at the end of an accounting period.
Cost of Goods Sold
Costs directly linked to the manufacturing of products sold by a business, encompassing the expenses of materials and labor specifically employed in the product's production.
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