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(Solved by Expert Tutors) GoPack Corporation completed work on three jobs in the most recent perio


for the period. Information for the three jobs is as follows:Pounds (lb.) of Direct Material # of Direct Labor HoursJob 1 550 1,250Job 2 275 875Job 3 485 1,675Cost of directmaterials per pound$15.00 / lb.???Cost of direct laborper hour????$24.00 / DL hourGoPack incurred overhead costs of $304,000 for the period. GoPack currently uses a volume basedsystem to allocate overhead costs to jobs. Direct labor hours is the allocation base for this volumebased allocation.1. Calculate the overhead allocation rate using the current allocation system.2. Calculate the total cost of each job: Job 1, Job 2 and Job 3 using the current allocation system.

 

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Apr 19, 2020

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