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During October, Jobs 878, 879, and 880 were started. Data on costs added during October for all jobs costs added during October for all jobs

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During October, Jobs 878, 879, and 880 were started. Data on costs added during October for all jobs costs added during October for all jobs are as tollows: Job 877 Job 878 Job 879 Job 880 Direct materials $14,460 $6,000 $3,500 $1,800 Direct labor 14,800 8,500 1,750 2,150 Overhead is applied to production at the rate of 8096 of direct labor cost. Job 877 was completed on October 28, and the client was billed at cost plus 50%. A other jobs remained in process Required 1. Prepare a briet job-order cost sheet showing the October 1 balances of all four jobs, plus the direct materials and direct labor costs during October. There is no need to calculate applied overhead at this point or to total the costs 2. Calculate the overhead applied to each job during October 3. Calculate the balance in Work in Process on October 31 4. What is the price of Job 877

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