Job 593 was recently completed. The following data have been recorded on its job cost sheet:Direct materialsDirect labor-hours$2,41474 labor-hoursDirect labor wage rate $17 per labor-hourMachine-hours137 machine-hoursThe Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $18per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:a. $3,462b. $3,672c. $6,978d. $6,138

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Answered: Job 593 was recently completed. The…

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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Frary Corporation is a building contractor. Frary tracks product costs in its job cost system and uses board feet to apply overhead to jobs. Frary has calculated an overhead rate of $61.52 per board foot and they have recorded the following information for job number E4641: Direct labor hours: 45 Direct labor rate: $17.14 Direct material: $5,784.00 Total board feet: 243 The total cost of job number E4641 is: Select one: A. $20,733.36 B. $6,555.30 C. $5,862.66 D. $9,323.70 E. $21,504.66
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