Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,102. A total of 41

The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,102. A total of 41 direct labor-hours and 197 machine-hours were worked on the job. The direct labor wage rate is $23 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $25 per machine-hour. The total cost for the job on its job cost sheet would be:

A. 10,115

B. 4,926

C. 5,345

D. 7,970

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

16th Edition

0357714040, 9780357714041

More Books

Students also viewed these Accounting questions

Question

Explain the process of MBO

Answered: 1 week ago