On June 1, Job 24 had a beginning balance of $330. During June, direct materials of $475

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On June 1, Job 24 had a beginning balance of $330. During June, direct materials of $475 and direct labor of $280 were added to the job. Overhead is applied to production at the rate of 75 percent of direct labor cost.

Required:

1. Set up a simple job-order cost sheet for Job 24. What is the total cost of Job 24?

2. If Job 24 consisted of five units, what is the unit cost?

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 03, 2012 06:53 AM

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On June 1, Job 24 had a beginning balance of $330. During June, direct materials of $475

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1 Job 24 Beginning balance 330 Direct materials 475 ...View the full answer

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