ABC pays an average wage of $13 per hour to employees for pr…

ABC pays an average wage of $13 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M-47 used $355 of direct materials and took 15 direct hours of labor to complete, what is the selling price of the job?

Lee Corporation uses a job-order costing system. The followi…

Lee Corporation uses a job-order costing system. The following data are for last year:       Work in process beginning balance $ 10,500 Work in process ending balance $ 19,000 Cost of goods manufactured $ 323,000 Direct materials $ 115,000 Direct Labor $ 78,000  Lee applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year?