Reference no: EM132963152

PCA Limited has just completed its first year of operations. During the year, PCA Limited purchased $500,000 of materials. The year-end balance reported in the raw materials account was $50,000. An amount of $30,000 worth of the raw materials utilized was considered to be indirect materials. PCA Limited incurred $450,000 in total direct labour wages during the year. Factory wages were paid $25 per hour. Total manufacturing overhead during the year amounted to $350,000, which was $30,000 less than estimated. Total factory workers were 10% less than estimated. PCA Limited utilized direct labour hours to allocated manufacturing overhead. During the year, PCA Limited started and completed Job #101. The job consumed 25% of the total direct materials used this year and 35% of the direct labour hours. PCA Limited uses normal costing, with any over or underallocated manufacturing overhead charged to cost of goods sold.

Problem 1: Determine the total cost for Job #101.