Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please assist with #3. Thank you. Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $750. During July, prime costs added

Please assist with #3. Thank you.image text in transcribed

Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $750. During July, prime costs added to the job totaled $640. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,500. Required: 1. What was overhead applied to the job during July? 110 2. What was direct materials for Job 46 for July? Direct labor? If rounding is required, round your answers to the nearest cent. Direct labor 160 Direct materials 480 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. 2 X %

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_2

Step: 3

blur-text-image_3

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

Effective Communications

Authors: Elearn

1st Edition

1138456136, 9781138456136

More Books

Students also viewed these Accounting questions