Kendra makes custom baby quilts embroidered with the baby's name and date of birth. Although quilts can be partially completed in advance, all quilts remain in the Work in Process Inventory account until the final embroidery is completed. Quilt BBGR12 was completed in July. At the beginning of July, costs accumulated on the quilt were direct materials of $50, direct labor of $75, and overhead of $20. Completing the quilt required 2.5 hours of direct labor at $12 per hour. Overhead is applied at $3 per direct labor hour. What is the total cost on the job cost sheet for Job BBGR12 at the end of July? (Show your work.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kendra makes custom baby quilts
embroidered with the baby's name
and date of birth. Although quilts can
be partially completed in advance, all
quilts remain in the Work in Process
Inventory account until the final
embroidery is completed. Quilt
BBGR12 was completed in July. At the
beginning of July, costs accumulated
on the quilt were direct materials of
$50, direct labor of $75, and overhead
of $20. Completing the quilt required
2.5 hours of direct labor at $12 per
hour. Overhead is applied at $3 per
direct labor hour. What is the total cost
on the job cost sheet for Job BBGR12
at the end of July? (Show your work.)
Transcribed Image Text:Kendra makes custom baby quilts embroidered with the baby's name and date of birth. Although quilts can be partially completed in advance, all quilts remain in the Work in Process Inventory account until the final embroidery is completed. Quilt BBGR12 was completed in July. At the beginning of July, costs accumulated on the quilt were direct materials of $50, direct labor of $75, and overhead of $20. Completing the quilt required 2.5 hours of direct labor at $12 per hour. Overhead is applied at $3 per direct labor hour. What is the total cost on the job cost sheet for Job BBGR12 at the end of July? (Show your work.)
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