Question
Moore Company. Moore Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process:
Moore Company.
Moore Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13.
Raw material used $120,000 Direct labor per hour $8.50 Overhead applied based on direct labor cost 120%
Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is $33,000. Other actual overhead costs totaled $36,000.
Refer to Moore Company. Assume the balance in Work in Process Inventory was $18,500 on November 1 and $25,297 on November 30. The balance on November 30 represents one job that contains direct material of $11,250. How many direct labor hours have been worked on this job (rounded to the nearest hour)? a. 1,324 b. 2,976 c. 751 d. 1,653
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