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Chum Company has just completed its first year of operations. During the year, Chum Company purchased $564,000 of materials. The year-end balance reported in the raw materials account was $46,000. $25,000 of the raw materials consumed was considered as indirect materials and entered into manufacturing overhead.

Chum Company incurred $1,316,000 in total direct labor wages during the year. Factory workers are paid $28 per hour. Total manufacturing overhead during the year amounted to $388,000, which was $22,000 less than estimated. Total factory worker hours were 15% less than estimated. Chum Company's manufacturing overhead was allocated using direct labor hours as the allocation base. Chum Company charges any over or under-allocated manufacturing overhead to cost of goods sold.

During the year, Chum Company started and completed Job 003. This job consumed 20% of the total direct direct materials used this year and 30% of the direct labor hours. Determine the total cost for Job 003.

Total Direct Material Costs:

Total Direct Labor Hours:

Total Estimated Direct Labor Hours:

Total Estimated Manufacturing Overhead:

Predetermined Overhead Rate:

Direct Material Costs Job 003:

Labor Costs Job 003:

Manufacturing Overhead Job 003:

Total Costs Job 003:

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