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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… – BUSINESS & FINANCE

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