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HAS-32949 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 $22.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 61,000 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 ? ? ? $2,300,000 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost $ 384,300 629,200 400,400 $ 1,413,900 How much is the direct materials cost for Job Teta? © 854,000 104,000

HAS-32949 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 $22.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 61,000 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 ? ? ? $2,300,000 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost $ 384,300 629,200 400,400 $ 1,413,900 How much is the direct materials cost for Job Teta? © 854,000 104,000

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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HAS-32949 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 $22.00 per hour. During the year, the company started and completed only two jobs Job Teta, which used 61,000 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 ? ? ? $ 2,300,000 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost $ 384,300 629,200 400,400 $ 1,413,900 How much is the direct materials cost for Job Teta? 854,000 104,000 1,446,000 1,342,000
Transcribed Image Text:HAS-32949 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 $22.00 per hour. During the year, the company started and completed only two jobs Job Teta, which used 61,000 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 ? ? ? $ 2,300,000 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost $ 384,300 629,200 400,400 $ 1,413,900 How much is the direct materials cost for Job Teta? 854,000 104,000 1,446,000 1,342,000
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