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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

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

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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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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