Question
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,
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% |
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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. What is the prime cost of Job #6? Please show Caluclations!
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