Question
Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $1,200. During July, prime costs added to the job totaled $800. Of
Job-Order Costing Variables
On July 1, Job 46 had a beginning balance of $1,200. During July, prime costs added to the job totaled $800. Of that amount, direct materials were four times as much as direct labor. The ending balance of the job was $2,120.
Required:
1. What was overhead applied to the job during July? ____
2. What was direct materials for Job 46 for July? Direct labor?
Direct labor ____
Direct materials ____
3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? (round your answer to the nearest whole percent.) ____%
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