Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Super Bulkers in a manufacturer of custom equipment and applies overhead to jobs on the basis direct labour hours. Super Builders estimated $840,000 overhead costs

image text in transcribed

Super Bulkers in a manufacturer of custom equipment and applies overhead to jobs on the basis direct labour hours. Super Builders estimated $840,000 overhead costs and 60.000 direct labour hours for the yew Super Builders had 2 jobs in werk in process inwentary on lanuary 1, 2015. The company started 2 more jobs during lancary. The following data was provided for January Jele Iob 101 Job 105 Balance an. 1 2015 $16.490 $19,020 SO $0 Direct Materials $34,420 $15.00 $10.40 $16,420 $23,000 Direct Labour Cost Direct labeu Hours $22.500 6,500 $19.500 3.900 $9,220 1.914 4,600 I By January 31, 2015. Iob 102 and Job 103 were completed and job 103 was sold. The rest of the jobs remained in process. Required I A) Cakulate the plant wide overhead rate per direct labout hour Plantwide overhead rates estimated On costs / direct laber heurs Plantwide overhead rate = 840000/60000 Plantwide overhead rate=514 per DLH B) Complete the job order cost sheets for all four jobs in January Job 102 Job 103 Job 104 Jcb 105 Beginning Balance Direct Materials Direct Overhead Applied Total Cost W

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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