Morgan Industries uses a job-order costing system, and the following information is available from its records. The company has three jobs in the process: #15, #18, and #22. Raw material used $135,000 $9.00 Overhead applied based on direct labor cost 125% Direct labor per hour Direct labor hours per job: Job #15 Job #18 Job #22 Indirect labor 2,800 3,400 4,500 $37,000 $42,000 Other actual overhead costs How much overhead is applied to Work in Process?
Morgan Industries uses a job-order costing system, and the following information is available from its records. The company has three jobs in the process: #15, #18, and #22. Raw material used $135,000 $9.00 Overhead applied based on direct labor cost 125% Direct labor per hour Direct labor hours per job: Job #15 Job #18 Job #22 Indirect labor 2,800 3,400 4,500 $37,000 $42,000 Other actual overhead costs How much overhead is applied to Work in Process?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 1PA: Barnes Company uses a job order cost system. The following data summarize the operations related to...
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Raw materials 135000, direct Labor $ 9
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