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Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours $2,474 73 labor-hours $19 per labor-hour 134 machine-hours The Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $20 per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: a. $7,381 b. $3,865 c. $6,541 d. $3,861

Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours $2,474 73 labor-hours $19 per labor-hour 134 machine-hours The Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $20 per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: a. $7,381 b. $3,865 c. $6,541 d. $3,861

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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Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours $2,474 73 labor-hours $19 per labor-hour 134 machine-hours The Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $20 per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: a. $7,381 b. $3,865 c. $6,541 d. $3,861
Transcribed Image Text:Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours $2,474 73 labor-hours $19 per labor-hour 134 machine-hours The Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $20 per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: a. $7,381 b. $3,865 c. $6,541 d. $3,861
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