CoursHeroTranscribedText: 2. A company operates a job costing system. The estimated costs for job 173...
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CoursHeroTranscribedText: 2. A company operates a job costing system. The estimated costs for job 173 are as follows. Direct materials 6 metres @ $22 per metre Direct labour 15 hours @ $9 per hour Variable production overheads are recovered at the rate of RM 3.50 per direct labour hour. Fixed production overheads for the year are budgeted to be RM 300,000 and are to be recovered on the basis of the total of 50,000 direct labour hours for the year. Other overheads, in relation to selling and distribution and administration, are recovered at the rate of RM 85 per job. Calculate the total cost of Job 173
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