Question
The Arnold Corporation manufactures custom-made purses. The following data pertains to Job XY5: Direct materials placed into production$4,000 Direct labor hours worked55 hours Direct labor
The Arnold Corporation manufactures custom-made purses. The following data pertains to Job XY5:
Direct materials placed into production$4,000
Direct labor hours worked55 hours
Direct labor rate per hour$15
Machine hours worked100 hours
Plantwide overhead is applied using a plant-wide rate based on direct labor hours.Plantwide overhead was budgeted at $75,000 for the year and the direct labor hours were estimated to be 12,000.Job XY5 consists of 50 units.What is overhead cost assigned to Job XY5?
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Strategic Managerial Accounting: Hospitality, Tourism & Events Applications
Authors: Tracy Jones, Helen Atkinson, Angela Lorenz, Peter Harris
6th Edition
9781908999023, 978-1908999016
