Question
5-34 Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $710. During July, prime costs added to the job totaled $610.
5-34 Job-Order Costing Variables
On July 1, Job 46 had a beginning balance of $710. During July, prime costs added to the job totaled $610. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,500.
Required:
1.What was overhead applied to the job during July?
$
2.What was direct materials for Job 46 for July? Direct labor? If rounding is required, round your answers to the nearest cent.
Direct labor$Direct materials$
3.Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? Round your answer to the nearest whole percent.
%
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