Dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?

Cost of Job 24 = $315

Explanation:

Given that,

Overhead rate = $2.40 per direct labor hour

Employees are paid = $12.00 per hour

Job 24 requires =  4.2 pounds of direct materials  and cost per pound = $15.00

Total hours employees worked for completing a job = 17.5

Actual manufacturing overhead costs for the year = $80,000

Hence,

Direct Labor = Employees are paid × Total hours employees worked for completing a job

= $12 × 17.5 hours

= $210

Direct Material = 4.2 pounds of direct materials × cost per pound

= 4.2 × $15

= $63

Manufacturing overhead = Total hours employees worked for completing a job × Overhead rate

= 17.5 ×  $2.40

= $42

Therefore,

Cost of Job 24 = Direct Labor + Direct Material + Manufacturing overhead

= $210 + $63 + $42

= $315

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

answerall of the above;