problem: Conway Company uses a job order cost system and has established a predetermined overhead application rate for current year of 150 percent of direct labor cost, based on budgeted overhead of dollar 750,000 and budgeted direct labor cost of dollar 500,000. Job no. 1 was charged with direct materials of dollar 24,000 & with overhead of dollar 18,000.
find out the total cost of job no. 1: