Just for the Halibut, Inc. designs and manufactures custom made fishing rods. On June 1,...
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Just for the Halibut, Inc. designs and manufactures custom made fishing rods. On June 1, it had one job started with a beginning Work in Process balance of $526. During June the job was finished and sold. Direct labor for the job in June was $75 and direct materials used were $60. Direct laborers are paid a wage rate of $15 per hour and manufacturing overhead is applied to production at a rate of $10 per direct labor hour. The company marks up costs 35% to determine the selling price. What was the selling price of the job?
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