Use the Information Below to Answer the Following Question(s)

question 7

Multiple Choice

Use the information below to answer the following question(s) .Jim's Computer Products manufactures keyboards for computers.In June, the two production departments had budgeted allocation bases of 10,000 machine hours in Department 1 and 5,000 direct manufacturing labour hours in Department 2.The budgeted manufacturing overheads for the month were $34,500 and $37,500, respectively.For Job 501, the actual costs incurred in the two departments were as follows:
Job 501 incurred 1,000 machine hours in Department 1 and 300 manufacturing labour hours in Department 2.The company uses a budgeted departmental overhead rate for applying overhead to production.
-What is the total cost assigned to Job 501 based on normal costing?

• A)$27,600
• B)$91,200
• C)$96,900
• D)$123,900
• E)$126,500

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Definitions:

Conceptual Skills

The ability to understand complex ideas and concepts, envision the big picture, and solve problems in a strategic manner, crucial for high-level planning and decision-making in organizations.

Analytical Skills

The ability to visualize, articulate, conceptualize or solve both complex and uncomplicated problems by making decisions that are sensible given the available information.

Human Skills

The ability to interact effectively with people, including communication, empathy, and emotional intelligence, crucial for managing teams and personal interactions.

Sales Representatives

Individuals responsible for selling products or services to customers, often directly, and managing customer relationships to achieve sales targets.