Jasper Carts Manufactures Custom Carts for a Variety of Uses

question 17

Multiple Choice

Jasper Carts manufactures custom carts for a variety of uses.The following data have been recorded for Job 651,which was recently completed.Direct materials used cost $7,200.There were 175 direct labor hours worked on this job at a direct labor wage rate of $22 per hour.There were 82 machine hours used on this job.The predetermined overhead rate is $30 per machine hour used.
What is the total manufacturing cost of Job 651?

• A)$3,850
• B)$2,460
• C)$13,510
• D)$7,457

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Definitions:

Yield Management

A variable pricing strategy based on understanding, anticipating, and influencing consumer behavior to maximize revenue from a fixed, perishable resource.

Yield Management

A strategy used in industries with fixed capacities, like airlines or hotels, to maximize revenue through dynamic pricing and inventory control.

Discount Rate

The discount rate applied in the evaluation of discounted cash flow analysis to calculate the current value of future cash flows.