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The Kraig Corporation manufactures custom-made purses. The following data pertain to Job XY5:
Direct materials placed into production $4,000
Direct labor hours worked 50 hours
Direct labor rate per hour $15
Machine hours worked 100 hours
Question 1: 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. What is the overhead cost assigned to Job XY5
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