A company operates a job costing system. The estimated costs for job 173 are as follows. Direct materials 5 metres @ $20 per metre Direct labour 14 hours @ $8 per hour Variable production overheads...

A company operates a job costing system.

The estimated costs for job 173 are as follows.

Direct materials 5 metres @ $20 per metre

Direct labour 14 hours @ $8 per hour

Variable production overheads are recovered at the rate of $3 per direct labour hour.

Fixed production overheads for the year are budgeted to be $200,000 and are to be recovered on the

basis of the total of 40,000 direct labour hours for the year.

Other overheads, in relation to selling, distribution and administration, are recovered at the rate of $80 per job.

What is the total cost of job 173?