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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 69
Job-Order Costing Variables
On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921.
Required:
1. What was overhead applied to the job during July?
2. What was direct materials for Job 46 for July? Direct labor?
3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? ( Note : Round your answer to two decimal places.)
On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921.
Required:
1. What was overhead applied to the job during July?
2. What was direct materials for Job 46 for July? Direct labor?
3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? ( Note : Round your answer to two decimal places.)
Explanation
Verified
Verified
1.
Calculate applied overhead:
Subst...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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