Southwestern Fashions, Inc which uses a job order costing system, had two jobs in process at the start of the year job no 101 ($84,000) and job no 102 ($53,400) The following information is available a The company applies manufacturing overhead on the basis of machine hours (based on practical capacity) Budgeted overhead and machine activity for the year were anticipated to be $840,000, and 16,000 hours, respectively b The company worked on four jobs during the first quarter Direct materials used, direct labor incurred, and machine hours consumed were as follows Job No Direct Material Direct Labor Machine Hours 101 $21,000 $35,000 1,200 102

Question

Southwestern Fashions, Inc  which uses a job order costing system, had two jobs in process at the start of the year  job no  101 ($84,000) and job no  102 ($53,400)  The following information is available  a  The company applies manufacturing overhead on the basis of machine hours (based on practical capacity)  Budgeted overhead and machine activity for the year were anticipated to be $840,000, and 16,000 hours, respectively  b  The company worked on four jobs during the first quarter  Direct materials used, direct labor incurred, and machine hours consumed were as follows  Job No  Direct Material Direct Labor Machine Hours 101 $21,000 $35,000 1,200 102

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a.	The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $840,000, and 16,000 hours, respectively.
b.	The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were as follows:

Question

Southwestern Fashions, Inc. which uses a job-order costing system, had two jobs in process at the start of the year: job no. 101 ($84,000) and

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Job No.	Direct Material	Direct Labor	Machine Hours
101	$21,000	$35,000	1,200
102