Calico corporation produced 2100 units in job 903. the following data is provided for job 903 for the year: direct materials used $2400 direct labor costs $798 actual manufacturing overhead rate per direct labor hour $17.15 predetermined manufacturing overhead rate per direct labor hour $18.60 direct labor hours used in job 903 42 direct labor rate per hour $19what is the total cost of job 903 before adjustment for over- or underapplied overhead?

Gross profit  = $3370.8

Explanation:

Given data:

direct material used $2400

Direct labor cost = $798

Actual manufacturing per direct labor hour rate =$17.15

Predetermine manufacturing per direct labor hour rate =$18.60

labor used in Job 903 = 42

labor rate per hour = $19

assume sale per unit =$3.50

Total cost  = 2400 + 798 + 781.2 = $3979.2

Gross profit = sales revenue - total cost

                     = 7350- 3979.2

Gross profit  = $3370.8

it was decent, could have been a little better.. how bout you lol.

answer; i do believe that the correct answer is ; ///are valued more highly than their cost;