Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marnie builds custom-made sailboats. She uses job order costing for her business. Each new boat is a single job. During June, Marnie started three new

Marnie builds custom-made sailboats. She uses job order costing for her business. Each new boat is a single job. During June, Marnie started three new boats, one of which was Job SeaLady1. Marnie purchased $300,000 of materials for the new boat orders and stored them in a warehouse to be brought to the job sites as needed. In June, Marnie requisitioned $90,000 of material for Job SeaLady 1. Direct labor on SeaLady 1 was $25,000 in June. Overhead is applied at 150% of direct labor cost. What is on the job cost sheet for SeaLady 1 at June 30?

direct material of $90,000, direct labor of $25,000, and overhead of $37,500

direct material of $90,000, direct labor of $25,000, and overhead of $50,000

direct material of $90,000, direct labor of $12,500, and overhead of $37,500

direct material of $300,000, direct labor of $25,000, and overhead of $37,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Authors: K. Widerquist, M. Howard

2nd Edition

0230112072, 9780230112070

More Books

Students also viewed these Accounting questions