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At the beginning of the month, Danlel's Business Services had two Incomplete consulting engagements ( jobs ) that had the following costs assigned from previous
At the beginning of the month, Danlel's Business Services had two Incomplete consulting engagements jobs that had the following
costs assigned from previous months.
During the month, Jobs DBS and DBS were completed but not billed to customers. Completion of DBS required an
additional $ in assoclate labor. For DBS an additional $ in assoclate labor was Incurred.
During the month, the only new job, DBS was started but not finished. Total direct labor costs for all jobs amounted to $ for
the month. Overhead in this company refers to the cost of work that is not directly traced to particular jobs, including supplies, copying,
printing, and travel costs to meet with clients. Overhead is applied at a rate of percent of assoclate labor costs. This rate has not
changed for many months. Actual overhead for the month was $
Required:
a What are the costs of Jobs DBS and DBS at the beginning of the month and when completed?
b What is the cost of Job DBS at the end of the month?
c How much was under or overapplied service overhead for the month?
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What are the costs of Jobs DBS and DBS at the beginning of the month and when completed?
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