Maria's Custom Tailoring is very labor-intensive. Therefore, Maria has decided to use direct labor hours as the cost driver for assigning overhead costs to specific jobs. During the month of February, the company incurred overhead costs of $3,000. Total direct labor hours during the month totaled 600. Out of a total of 30 different jobs worked during the month, Job 100 required 6 direct labor hours to complete and Job 200 required 10 direct labor hours. The total amount of overhead allocated to these two jobs is: a. $80 b. $187.50 c. $37.50 d. $16

Maria's Custom Tailoring is very labor-intensive. Therefore, Maria has decided to use direct labor hours as the cost driver for assigning overhead costs to specific jobs. During the month of February, the company incurred overhead costs of $3,000. Total direct labor hours during the month totaled 600. Out of a total of 30 different jobs worked during the month, Job 100 required 6 direct labor hours to complete and Job 200 required 10 direct labor hours. The total amount of overhead allocated to these two jobs is: a. $80 b. $187.50 c. $37.50 d. $16

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 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...

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Maria's Custom Tailoring is very labour intensive. Therefore, Maria has decided to use direct labour hours as the cost driver for assigning overhead costs to specific jobs. During the month of February, the company incurred overhead costs of $3,000. Total direct labour hours during the month totalled 600. Out of a total of 30 different jobs worked on during the month, Job 100 required 6 direct labour hours to complete and Job 200 required 10 direct labour hours. The total amount of overhead allocated to these two jobs is:
What would be the cost of goods sold per unit ?
Please help
Case Construction Company, a three-year-old business, provides contracting and construction services to a variety of clients. Given that each construction job is different from any other, company accountant Susan Kalagnanam decided that it was best to use a job- order costing system to allocate costs to the different jobs. She decided to use construction labour-hours as the basis for overhead allocation. In December 2020, she estimated the following amounts for the year 2021: Direct materials Construction labour. Overhead Construction labour-hours Kalagnanam recorded the following for the first quarter of 2021 for the three jobs that the company started and completed during the quarter: Direct materials $13,395,200 8,165,000 8,847,700 460,000 Construction labour-hours $753,500 School Residential Cinema $904, 200 $1,356,300 36,800 16,100 62,100 Required: 1. Compute the cost of each job using the current system of cost allocation. (Round intermediate calculations to 2 decimal places.)
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