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HAS-46082 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 $19.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 62,700 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 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost ? ? ? $1,980,000 $ 375,100 494,000 286,000 $ 1,155,100

HAS-46082 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 $19.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 62,700 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 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost ? ? ? $1,980,000 $ 375,100 494,000 286,000 $ 1,155,100

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 21E: Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the...
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HAS-46082 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 $19.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 62,700 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 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost ? ? ? $1,980,000 $ 375,100 494,000 286,000 $ 1,155,100 How much is the direct materials cost for Job Teta? 99,000 1,191,300 1,290,300 689,700
Transcribed Image Text:HAS-46082 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 $19.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 62,700 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 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost ? ? ? $1,980,000 $ 375,100 494,000 286,000 $ 1,155,100 How much is the direct materials cost for Job Teta? 99,000 1,191,300 1,290,300 689,700
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