Job OL1105 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 $2,429 $ 74 labor-hours 17 per labor-hour 135 machine-hours. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $18 per machine-hour. The total job cost that would be recorded on the job cost sheet for Job OL1105 would be:
Job OL1105 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 $2,429 $ 74 labor-hours 17 per labor-hour 135 machine-hours. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $18 per machine-hour. The total job cost that would be recorded on the job cost sheet for Job OL1105 would be:
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 13E: Job 19AB required 10,000 for direct materials, 4,000 for direct labor, 300 direct labor hours, 150...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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![Job OL1105 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
$2,429
74 labor-hours
17 per labor-hour
135 machine-hours
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $18 per machine-hour. The total
job cost that would be recorded on the job cost sheet for Job OL1105 would be:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff13074e8-397a-427b-ad72-b2f3400bfb16%2F67428d38-ab9c-4da8-aced-b1955f81c81d%2Fb44fmp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Job OL1105 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
$2,429
74 labor-hours
17 per labor-hour
135 machine-hours
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $18 per machine-hour. The total
job cost that would be recorded on the job cost sheet for Job OL1105 would be:
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