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The Floyd Company had two jobs in process at the end of the financial year...

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Accounting

The Floyd Company had two jobs in process at the end of the financial year but had yet to apply overhead to each.
\table[[,Job #101,Job 102,Total],[Materials,$40,000,$20,000,$60,000],[Direct Labor,$30,000,$90,000,$120,000],[Overhead,?,?,],[Total,,,]]
Floyd applies overhead to individual jobs based on direct labor costs. At the beginning of the fiscal year, Floyd estimated that total manufacturing overhead would be $15,000,000 and the total direct labor costs would be $3,000,000. Based on this information, what would be the total combined job cost for Jobs #101 and #102 assuming Floyd applies the overhead rate calculated at the beginning of the fiscal year?
Multiple Choice
$420,000
$204,000
$560,000
$780,000
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