A firm called The Company of Fools budgets the following overhead costs. ...
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Accounting
A firm called The Company of Fools budgets the following overhead costs.
| Budgeted cost | |
| Administration | $500,000 |
| Shop Supplies | $300,000 |
| Machinery | $200,000 |
This firm uses activity-based costing, with the following percentage table to develop activity cost pools.
| Activity Cost Pool | Molding | Remolding | Re-Remolding | Other |
| Administration | 10% | 20% | 20% | 50% |
| Shop Supplies | 40% | 40% | 20% | 0% |
| Machinery | 20% | 30% | 30% | 20% |
In The Company of Fools, they budget the following activity drivers for activity cost pools.
| Activity Cost Pool | Molding | Remolding | Re-Remolding | Other |
| Budgeted activity driver | 10,000 | 16,000 | 5,000 | n/a |
The Necio Job consumes $500 in direct costs, 3 units of the Molding activity driver, 5 units of the Re-molding activity driver and 10 units of the Re-Remolding activity driver.
What is the total job cost for the Necio job?
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