Question
Caticorn Company has the following transactions during the week: Purchase of $4,000 raw materials Assignment of $800 of raw materials inventory to Job 8 Payroll
Caticorn Company has the following transactions during the week:
- Purchase of $4,000 raw materials
- Assignment of $800 of raw materials inventory to Job 8
- Payroll for 10 hours or $3,300 is attributed to Job 8
- Factory rent of $6,750
- Payroll of $2,300 attributed to Job 7
Overhead is applied based on direct labor hours (DLH) at a rate of $200 per DLH.
What is the cost of Job 8?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
1260153156, 1260153150, 978-1260153156
