Question
GreenField Construction Company uses job order costing to track costs for individual construction projects. The company is working on Job JX120, which involves building a
GreenField Construction Company uses job order costing to track costs for individual construction projects. The company is working on Job JX120, which involves building a residential complex. The following costs were incurred for Job JX120:
- Direct Materials: $80,000
- Direct Labor: $60,000
- Manufacturing Overhead: $40,000
Additionally, 3,000 direct labor hours were worked on Job JX120. If the company applies manufacturing overhead based on direct labor hours, calculate the predetermined overhead rate and the total cost of Job JX120.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
