Compute the total job cost for each of the following scenarios: a. If the direct labor cost
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a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials used totaled $5,000 and that the direct labor cost totaled $3,200.
b. If the direct labor hour method is used in applying factory overhead and the predetermined rate is $10 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled $5,000, the direct labor cost totaled $3,200, and the number of direct labor hours totaled 250.
c. If the machine hour method is used in applying factory overhead and the predetermined rate is $12.50 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled $5,000, the direct labor cost totaled $3,200, the direct labor hours were 250 hours, and the machine hours were 295 hours.
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Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
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