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12- Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each

  • 12- Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M-47 used $350 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job?

    Multiple Choice

  • $852

  • $1,140

  • $456

  • $720

  • $708

    14- Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied $6,000. The predetermined overhead rate was:

    Multiple Choice

  • 5.0%.

  • 12.0%.

  • 20.0%.

  • 500.0%.

  • 16.7%.

    15- Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of September, but needed an additional $3,000 of direct materials in October and additional direct labor of $6,500 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October?

    Multiple Choice

  • $16,000

  • $22,500

  • $37,000

  • $26,500

  • $32,000

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