Question
In a shoe factory, the cost of janitorial services would be an indirect cost of the Custodial Services department but would be a direct cost
In a shoe factory, the cost of janitorial services would be an indirect cost of the Custodial Services department but would be a direct cost of the Shoe Production Department for cost allocation purposes. A. True B. False
V Company uses job order costing and had a balance in Work-in-Process Inventory on January 1 of $141,800. Direct materials used in January were $174,500. Direct labor used in January was $162,500. Overhead is applied at a rate of 140 percent of direct labor dollars. The following jobs were completed in January: Job #84 had a total cost of $198,780. Job #85 had a total cost of $102,520. Job #86 had a total cost of $119,450. Job #87 had a total cost of $93,150. The only job not finished at the end of January was Job #88 that had $72,400 of material cost to date. How much overhead had been applied to Job 88?
-
A. $70,000
-
B. $67,420
-
C. $35,100
-
D. $94,390
-
E. $120,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started