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Tailored Countertops began business in July and started three jobs for customers. Tailored Countertops applies overhead at the rate of 85% of direct labor
Tailored Countertops began business in July and started three jobs for customers. Tailored Countertops applies overhead at the rate of 85% of direct labor cost. The status of each job at the end of the month follows: Job 120 - completed and sold Job 121 started and completed, and Job 122 still in process Details of cost incurred during July are in the table below. This table is also on the template. Job 120 Job 121 Job 122 July Product Costs Direct materials $ 10,800 $ 8,500 $ 3,100 Direct labor 6,600 4,900 2,800 Overhead applied Total Total 1. Complete the table above to apply overhead to each job and the total assigned to each job at the end of the month.
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