Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate

A company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job Q251 which was recently completed: Number of units in the job Total direct labor-hours Direct materials Direct labor cost The total job cost for Job Q251 is closest to: O $3,670 O $4,430 O $3,480 $1,710 40 80 $950 $2,720
image text in transcribed
A company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job Q251 which was recently completed: The total job cost for Job Q251 is closest to: $3,670 $4,430 $3,480 $1,710

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Securing An IT Organization Through Governance Risk Management And Audit Internal Audit And IT Audit

Authors: Ken E. Sigler, III Rainey

1st Edition

0367658658, 978-0367658656

More Books

Students also viewed these Accounting questions