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Assume that a c direct labor cha

Assume that a c direct labor cha

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Question:** Assume that a company pays a 5% sales commission. Also, assume (1) a company's plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. What is the total cost of Job X? **Multiple Choice Options:** - ( ) $1055.70 - ( ) $734.00 - ( ) $1,148.70 - ( ) $1,094.00
Transcribed Image Text:**Question:** Assume that a company pays a 5% sales commission. Also, assume (1) a company's plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. What is the total cost of Job X? **Multiple Choice Options:** - ( ) $1055.70 - ( ) $734.00 - ( ) $1,148.70 - ( ) $1,094.00
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