Question
Acme Consulting uses job order costing to determine the cost of services provided to clients. For a particular year, Acme has budgeted the following amounts:
Acme Consulting uses job order costing to determine the cost of services provided to clients. For a particular year, Acme has budgeted the following amounts:
Office rent and utilities $100,000 Support staff $70,000 Advertising $25,000 Supplies $5,000 Direct labor (based on 2.000 hours) $120,000 The firm has completed job 101 for a client. Job 101 involved 25 hours of direct labor. Acme assigns indirect costs based on direct labor hours.
What is the cost of job 101?
Step by Step Solution
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Step: 1
To calculate the cost of job 101 we need to determine the total indirect cost r...
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
