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4.00 points Script Gompany uses a job costing accounting system for its preduction costs. A predetermined overhead rate based on direct labor-hours is used to
4.00 points Script Gompany uses a job costing accounting system for its preduction costs. A predetermined overhead rate based on direct labor-hours is used to apply overhead to incividual jobs. An estimate of overhead costs at different o umes s was prepared for the current y ear as follows 41,000 S45,200 S 571,000 719,600 1 3 5948,500 1.075,300 1,220,900 51,400 Dirgcl labor-hours Variable overhead costs 31,800 Fxed overhead costs 01 3UD Total avernead The expected volume is 41,000 direct labor-hours for the entire year. The following information is for October, when jobs 1011 and 1015 were completed: Inventories, October 1 Raw materisls and supplies Wark in process (Job 1011) Finishod goods 42,100 93ICI 229,800 Purchases of raw materials and supplies Raw materials Supplies 629.700 9 4000 Materias and supplies roquisitioned for preduction ob 1011 Job 1015 Job 101 Supplics 280.200 233,100 45 400 74 300 633.800 Machine-hours (MH) Job 1011 Job 1015 Job 1017 6,201 MH 6,105 MH 3,703 MH Drect lahor-hours (DLH) Job 1011 Job 1015 Job 1017 14,100 DLH 6,120 DLH 3,710 DLH
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