What is the total cost of job

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Question - T'ien Ltd. uses an ABC costing system.  The following are the activities, cost drivers, and the overhead rate per activity for the upcoming year:

Activity

Estimated Total Cost

Cost Driver

Overhead Rate

Machine setup

$300,000

5,000 setups

$60.00

Materials handling

$250,000

100,000 parts

$2.50

Machining

$1,365,000

10,500 machine hours

$130.00

Test Runs

$450,000

3,000 test runs

$150.00

During the current period, Job 1was completed; and 15 hours of direct labor (at $20 per hour) and direct materials of $2,250 were added to the job during this current period.  This job was started in the previous period and was in work -in- process inventory with a total cost of $3,200.  During the current period, Job 1had 2 machine setups, 20 additional parts, 10 machine hours and 1 test run added. 

Required: What is the total cost of Job 1?

Reference no: EM131734412

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