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

question 144

Multiple Choice

Use the information below to answer the following question(s) .Capable Carts manufactures custom carts for a variety of uses.The following data have been recorded for Job 892, which was recently completed.Direct materials used cost $6,300, the budgeted direct materials were $5,900.There were 180 direct labour hours worked on this job at a direct labour wage rate of $20 per hour; the budgeted direct labour wage rate was $21 per hour.There were 75 machine hours used on this job.The budgeted and actual indirect cost allocation rates are $32 and $29 per machine hour used, respectively.
-What is the total manufacturing cost of Job 892 using actual costing?

• A)$9,900
• B)$12,300
• C)$12,080
• D)$12,255
• E)$12,075

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Definitions:

Contra Asset Accounts

Accounts on a balance sheet that have a credit balance and are used to offset the debit balances in related asset accounts, such as accumulated depreciation.

Total Amount

The cumulative sum or aggregate of all quantities or figures considered, often referring to the final sum of a series of transactions or the overall value of financial accounts.

Share Capital

The funds raised by a company through the issuance of shares, representing the amount that shareholders have invested directly in the company.

Dollar Amount

The value of an item, transaction, or financial figure expressed in units of currency.