Green Valley Corporation has just completed Job 721, with the following recorded data on its job cost sheet: ⚫ Direct materials: $5,840 • Direct labor-hours: 78 labor-hours • Direct labor wage rate: $24 per labor-hour . • Machine-hours: 120 machine-hours Green Valley applies overhead based on machine hours at a predetermined rate of $30 per machine hour. The company implemented new project management software during this job, which streamlined communication, but had no impact on cost calculation. The total cost that would be recorded on the job cost sheet for Job 721 is: $10 630

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...
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Green Valley Corporation has just completed Job 721, with the
following recorded data on its job cost sheet:
⚫ Direct materials: $5,840
•
Direct labor-hours: 78 labor-hours
•
Direct labor wage rate: $24 per labor-hour
.
•
Machine-hours: 120 machine-hours
Green Valley applies overhead based on machine hours at a
predetermined rate of $30 per machine hour.
The company implemented new project management software during this
job, which streamlined communication, but had no impact on cost
calculation. The total cost that would be recorded on the job cost sheet for
Job 721 is:
$10 630
Transcribed Image Text:Green Valley Corporation has just completed Job 721, with the following recorded data on its job cost sheet: ⚫ Direct materials: $5,840 • Direct labor-hours: 78 labor-hours • Direct labor wage rate: $24 per labor-hour . • Machine-hours: 120 machine-hours Green Valley applies overhead based on machine hours at a predetermined rate of $30 per machine hour. The company implemented new project management software during this job, which streamlined communication, but had no impact on cost calculation. The total cost that would be recorded on the job cost sheet for Job 721 is: $10 630
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