Determining job cost using direct labor cost, direct labor hour, and machine hour methods a. If the

Question:

Determining job cost using direct labor cost, direct labor hour, and machine hour methods

a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is \(200 \%\), what amount should be charged to Job 2004 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 \(\$ 20\) an hour, what amount should be charged to 2004 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 \(\$ 25\) an hour, what amount should be charged to 2004 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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Cost Accounting

ISBN: 9780324374179

14th Edition

Authors: Edward J. Vanderbeck

Question Posted: