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The Kraig Corporation manufactures custom-made purses. The following data pertains to Job XY5:
Direct Materials placed into production, $4,000Direct Labor Hours worked, 50 hoursDirect Labor rate per hour, $15Machine hours worked, 100 hours
Plantwide overhead is applied using a plant-wide rate based on direct labor hours. Plantwide overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units.
Problem 1: What is the overhead cost assigned to Job XY5?
Option 1: $1,500Option 2: $400Option 3: $200Option 4: $750
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