On July 1, Job 46 had a beginning balance of $1,200. During July, prime costs added to

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On July 1, Job 46 had a beginning balance of $1,200. During July, prime costs added to the job totaled $800. Of that amount, direct materials were four times as much as direct labor. The ending balance of the job was $2,120.


Required:

1. What was overhead applied to the job during July?
2. What was direct materials for Job 46 for July? Direct labor?
3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company?

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Managerial Accounting The Cornerstone Of Business Decision Making

ISBN: 9780357715345

8th Edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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