Company uses a job - order costing system. Its plantwide predetermined overhead rate uses direct labor - hours as the allocation base. The company pays its direct laborers $18.00 per hour. During the year, the company started and completed only two jobs―Job Teta, which used 64,700 direct labor - hours, and Job Gamma. The job cost sheets for these two jobs are shown below: Job Teta Direct materials? Direct labor? Manufacturing overhead applied ? Total job cost $ 2,422,200 Job Gamma Direct materials $ 366,900 Direct labor 432,000 Manufacturing overhead applied 432,000 Total job cost $ 1,230,900 How much is the direct materials cost for Job Teta? multiple choice 1, 164, 600 1, 164, 600 1,257,600 93,000
Company uses a job - order costing system. Its plantwide predetermined overhead rate uses direct labor - hours as the allocation base. The company pays its direct laborers $18.00 per hour. During the year, the company started and completed only two jobs―Job Teta, which used 64,700 direct labor - hours, and Job Gamma. The job cost sheets for these two jobs are shown below: Job Teta Direct materials? Direct labor? Manufacturing overhead applied ? Total job cost $ 2,422,200 Job Gamma Direct materials $ 366,900 Direct labor 432,000 Manufacturing overhead applied 432,000 Total job cost $ 1,230,900 How much is the direct materials cost for Job Teta? multiple choice 1, 164, 600 1, 164, 600 1,257,600 93,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Company uses a job - order costing system. Its plantwide predetermined overhead rate uses
direct labor - hours as the allocation base. The company pays its direct laborers $18.00 per hour.
During the year, the company started and completed only two jobs―Job Teta, which used
64,700 direct labor - hours, and Job Gamma. The job cost sheets for these two jobs are shown
below: Job Teta Direct materials? Direct labor? Manufacturing overhead applied ? Total job
cost $ 2,422,200 Job Gamma Direct materials $ 366,900 Direct labor 432,000 Manufacturing
overhead applied 432,000 Total job cost $ 1,230,900 How much is the direct materials cost for
Job Teta? multiple choice 1, 164, 600 1, 164, 600 1,257,600 93,000
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