Answer:
The total manufacturing costs of job 176 is $425,000.00
Explanation:
The total manufacturing costs for Job No. 176 is given by :
Total manufacturing costs=Direct materials+Direct labor+Manufacturing overhead.
Direct materials=$300000
Manufacturing overhead =$75000
Direct labor is unknown
The direct can be calculated using the formula:
Manufacturing overhead =150% of direct labor
Assuming direct labor cost is X
$75000=150%*X
X=$75000/150%
X=75000/1.5
X=$50000
Since the cost of labor is now known,total costs of the job is computed thus:
Total costs=$300000+$50000+$75000
Total costs of job 176=$425000
