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Problem 4-26 (Part Level Submission) Swifty Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because
Problem 4-26 (Part Level Submission) Swifty Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,950,000 and that employees would work a total of 48,750 direct labor hours. During March, the company worked on the following five jobs: Job 134 158 Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Balance March March March $118,700 $5,000 $8,200 140 121,650 2,400 12,110 390 21,700 86,500 36,400 3,460 34,250 72,000 31,800 2,660 19,140 21,820 1,330 $296,300 $185,040 $110,330 7,980 212 287 301 Total Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $176,000. The manufacturing overhead account is disposed of annually, not monthly. (c) Calculate the total cost for each of the five jobs as of March 31. Job 134 Job 158 Job 212 Job 287 Job 301 Total Cost $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO Attempts: 0 of 15 used
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