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

question 114

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?

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Definitions:

PCs

Personal Computers; electronic devices used for processing data, performing tasks, and accessing the internet, capable of running a wide range of applications.

Trucking Industry

The sector of the economy focused on the transportation of goods and materials by large vehicles over road networks.

PNP-Type Transistor

A semiconductor device with a layer of N-doped semiconductor material between two layers of P-doped material, primarily used as a switch or amplifier in electronic circuits.

Continuity

The uninterrupted path for current flow in an electrical circuit, indicating no breaks or faults.