Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the beginning of the October, Leah's Tax Services had two gobo in process that had the following costs assigned from previous month Job Number

image text in transcribed
At the beginning of the October, Leah's Tax Services had two gobo in process that had the following costs assigned from previous month Job Number Direct Labor Applied Overhead AX - 1400 $33,000 $29, 700 AX - 1403 $40,000 $36,000 During October the following costs were added: Job Number Direct Labor Applied overhead AX - 1400 $25,400 2 AX - 1403 $31,600 2 AX - 1404 $21800 Job AX - 1404 was started but not finished in October. The other jobs were completed in October. Overhead costs include all costs of providing the services that are not traceable to individual jobs Overhead is applied using a pre-determined overhead rate of 90 percent of direct labor costs in all periods. Actual service overhead for October was $80033. Leah only adjusts over or under applied overhead when it closes its books for the year at the end of December. What is the total amount of overhead assigned to jobs in October? (Round your answer to the nearest $1.00.)

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

Students also viewed these Accounting questions

Question

What is Accounting?

Answered: 1 week ago

Question

3. Explain the forces that influence how people handle conflict

Answered: 1 week ago