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Use the information below to answer the following question(s) .Bill Cobb Corporation had the following activities, pooled costs, and physical flow of driver units.The company uses activity-based costing. The above activities are used by departments X and Y as follows:
-Leonard Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs.The company has two departments: Building and Inspection.The Building Department uses a departmental overhead rate of $18 per machine hour, while the Inspection Department uses a departmental overhead rate of $15 per direct labour hour.Job 611 used the following direct labour hours and machine hours in the two departments: The cost for direct labour is $25 per direct labour hour and the cost of the direct materials used by Job 611 is $1,500.What was the total cost of Job 611 if Leonard Industries used the departmental overhead rates to allocate manufacturing overhead?
Wage
The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to a manual or unskilled worker.
Executive Compensation
Refers to the financial payments and non-monetary benefits provided to high-level management in a corporation, which may include salary, bonuses, stock options, and other benefits.
Real Wage
The wage adjusted for inflation, representing the purchasing power of the wage.
Nominal Wage
The wage paid to employees in current dollars, not adjusted for inflation, representing the face value of earned income.
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