The following data have been recorded for recently completed job 450 on its job cost sheet. direct materials cost was $2,057. a total of 32 direct labor-hours and 216 machine-hours were worked on the job. the direct labor wage rate is $21 per labor-hour. the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $29 per machine-hour. the total cost for the job on its job cost sheet would be:

Total cost=   $8993

Explanation:

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

In this exercise:

direct materials= $2057

direct labor= 32hours*$21=$672

manufacturing overhead= 216hours*$29= $6264

Total cost= 2057 + 672 + 6264=  $8993

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