Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Murray Company Murray Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process:

Murray Company Murray 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 Murray Company. What is the total amount of actual overhead?

Select one:

a. $99,960

b. $36,000

c. $69,000

d. $93,000

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

Financial Accounting

Authors: Karen Bird, Gene Imhoff

3rd Edition

0984200541, 9780984200542

More Books

Students also viewed these Accounting questions

Question

Describe six biases affecting perception.

Answered: 1 week ago

Question

State the three objectives of the book.

Answered: 1 week ago