Delta Manufacturing Ltd. applies overhead cost to jobs based on direct labor cost. Job X, which was started and completed during the current period, shows charges of $7,500 for direct materials, $11,000 for direct labor, and $6,600 for overhead cost on its job cost sheet. Job Y, which is still in process at year-end, shows charges of $4,000 for direct materials and $8,000 for direct labor. a) Should any overhead cost be applied to Job Y at year-end? b) How much overhead cost should be applied to Job Y?
Delta Manufacturing Ltd. applies overhead cost to jobs based on direct labor cost. Job X, which was started and completed during the current period, shows charges of $7,500 for direct materials, $11,000 for direct labor, and $6,600 for overhead cost on its job cost sheet. Job Y, which is still in process at year-end, shows charges of $4,000 for direct materials and $8,000 for direct labor. a) Should any overhead cost be applied to Job Y at year-end? b) How much overhead cost should be applied to Job Y?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PB: Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined...
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Transcribed Image Text:Delta Manufacturing Ltd. applies overhead cost to jobs based on
direct labor cost. Job X, which was started and completed during the
current period, shows charges of $7,500 for direct materials, $11,000
for direct labor, and $6,600 for overhead cost on its job cost sheet. Job
Y, which is still in process at year-end, shows charges of $4,000 for
direct materials and $8,000 for direct labor.
a) Should any overhead cost be applied to Job Y at year-end?
b) How much overhead cost should be applied to Job Y?
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