Response to the following problem:
Milton Company is a steel fabricator, and job 325 consist of producing 500 steel supports for Wendell Construction Company. Overhead is applied on the basis of direct labor hours,using a predetermined overhead rate of 25 per hour. Direct costs associated with Job 325 are: direct materials, $10,000; direct labor,250 hours at $16 per hour.
Required Calculate the cost of Job 325.