Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 38 Not yet answered Oman Marble Company has two processing departments, Cutting and Polishing. The company uses a multiple predetermined overhead rate in each

image text in transcribed
Question 38 Not yet answered Oman Marble Company has two processing departments, Cutting and Polishing. The company uses a multiple predetermined overhead rate in each processing department under job-order costing system. The Cutting Department's predetermined overhead rate is based on machine hours and the Polishing Department's predetermined overhead rate is based on direct labor cost. At the beginning of the current period, the company records show the following estimated information: Marked out of 0.80 Flag question Cutting Polishing $ 20 40 5.000 10,000 20,000 5.000 Direct Labor cost per hour Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour $ 100,000 $ 40,000 $ 5 $ 20 During the current period the company started and finished a job order number 3122. The job cost sheet shows the following data for this job: Cutting Job3122 Machine-hours Polishing 20 90 Direct labor-hours 30 60 $ Direct materials 850 $ 250 Direct labor cost $ 900 $ 2,000 The total job cost for Job3122 is closest to: O a. None of the given answer. b. $ 4.000 $ 5,500 d. $ 6.100

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

Students also viewed these Accounting questions

Question

Define Administration?

Answered: 1 week ago