Copy Center 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
Copy Center 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 15% above total manufacturing cost to determine the selling price. If Job M-47 used $365 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job? a. $834. b. $1,133 c. $1,018 d. $713 e. $719.
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