Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation used $2,500 of direct materials and used $4,000 of direct labor. The job was not finished in September. An additional $3,000 of direct materials and $6,500 of direct labor were needed to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the total cost of the job when it is completed in October? Multiple Choice $37,000 $22,500 O $16,000 $32,000 $26,500

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee
Corporation used $2,500 of direct materials and used $4,000 of direct labor. The job was not
finished in September. An additional $3,000 of direct materials and $6,500 of direct labor were
needed to finish the job in October. The company applies overhead at the end of each month at
a rate of 200% of the direct labor cost incurred. What is the total cost of the job when it is
completed in October?
Multiple Choice
$37,000
O $22,500
$16,000
$32,000
$26,500
Transcribed Image Text:Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation used $2,500 of direct materials and used $4,000 of direct labor. The job was not finished in September. An additional $3,000 of direct materials and $6,500 of direct labor were needed to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the total cost of the job when it is completed in October? Multiple Choice $37,000 O $22,500 $16,000 $32,000 $26,500
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