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Lets assume Job 101 required $400 of direct materials, and 30 direct labour hours at...

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Accounting

Lets assume Job 101 required $400 of direct materials, and 30 direct labour hours at $22 per hour. If estimated total overhead for the year was $762,000 and estimated direct labour hours were 40,000, what would be recorded as the cost of job 101? Select one: a. $1,630.00 b. $1,633.00 c. $1,631.50 d. $1,531.50

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