A small consulting firm has an overhead rate of 200% of direct labor charged to each job. The materials cost (including travel andother direct costs) for a particular job is $10,000, and the direct labor is $20,000. What is the total job cost for this job?

Overhead cost = 200% of Direct labor = $20,000 x 200% = $40,000

Answered: A small consulting firm has an overhead…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 2EB: Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine...

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A small consulting firm has an overhead rate of 200% of direct labor charged to each job. The materials cost (including travel and other direct costs) for a particular job is $10,000, and the direct labor is $20,000. What is the total job cost for this job?