Question
Your Company employs a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The current predetermined overhead
Your Company employs a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The current predetermined overhead rate is $11.25 per direct labor hour (DLH). Job 005 was entered into production on June 1 and completed on July 12. The companys cost records show the following information on the job:
Machine-hours 75
Direct labor-hours 140
Direct materials cost $3,500
Direct labor cost $1,750
1.) How much overhead was applied to job 005?
2.) What was the total cost of job 005?
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