During 2019, Durham Manufacturing expected Job No. 51 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Durham applied overhead based on direct labor cost. Actual production required an overhead cost of $295000, $570000 in materials used, and $220000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)