Question
The Kraig Corporation manufactures custom-made purses. The following data pertain to Job XY5: Direct materials placed into production$4,000Direct labor hours worked50 hoursDirect labor rate per
The Kraig Corporation manufactures custom-made purses. The following data pertain to Job XY5:
Direct materials placed into production$4,000Direct labor hours worked50 hoursDirect labor rate per hour$15Machine hours worked100 hours
Plantwide overhead is applied using a plant-wide rate based on direct labor hours. Plantwide overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units. What is the overhead cost assigned to Job XY5?
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Financial & Managerial Accounting
Authors: Jan Williams
16th Edition
78111048, 978-0078111044
