Answer:
Total cost= $690,000
Explanation:
Giving the following information:
Bramble Corp. applies overhead based on 200% of direct labor cost. Job No. 501 is charged with $240000 of direct materials costs and $300000 of manufacturing overhead.
We know that the total cost is the sum of direct material, direct labor and allocated overhead. We need to calculate the direct labor cost.
Direct labor= allocated overhead/2
Direct labor= 300,000/2= 150,000
Total cost= 240,000 + 150,000 + 300,000= $690,000
