Determining job cost, using direct labor cost, direct labor hour, and machine hour LO 6 methods a.
Question:
Determining job cost, using direct labor cost, direct labor hour, and machine hour LO6 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 ES300 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 ES300 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 ES300 for factory overhead? Assume that the direct materials used totaled
$5,000, the direct labor cost totaled $3,200, and the number of machine hours totaled 295.
Step by Step Answer: