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Assume xyz company prices its jobs at 60 above

Question - XYZ Company uses a job order costing system and has set a pre-determined overhead rate of 125% of direct labor cost. Job #231 was charged with direct materials of $18,000 and with overhead of $20,000. Assume XYZ Company prices its jobs at 60% above manufacturing cost.

Calculate the price charged to the customer for Job #231.

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Accounting Basics: Assume xyz company prices its jobs at 60 above

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Accounting Basics: Assume xyz company prices its jobs at 60 above

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