NOUR Company uses a job costing system with two direct costs categories (Direct material and direct manufactured labor) and one manufacturing overhead cost. NOUR Co. allocated the MOH using direct manufactured labor costs. The company provided the following information: Budget for 2019 840,000 705,000 423,000 Actual for 2019 Direct material costs Direct manufactured labor costs Manufacturing overhead costs 800,000 730,000 511,000 During July, the job-cost record for following information about Job #106: Direct material used Direct manufactured labor costs $67,000 S28,000 Questien 12/20 The cost of Job #106 using normal costing method is: 1. 0141,760. 2. 0135,040. 3. ol14,600. 4. ol11,800 5. ONone of these answers.
NOUR Company uses a job costing system with two direct costs categories (Direct material and direct manufactured labor) and one manufacturing overhead cost. NOUR Co. allocated the MOH using direct manufactured labor costs. The company provided the following information: Budget for 2019 840,000 705,000 423,000 Actual for 2019 Direct material costs Direct manufactured labor costs Manufacturing overhead costs 800,000 730,000 511,000 During July, the job-cost record for following information about Job #106: Direct material used Direct manufactured labor costs $67,000 S28,000 Questien 12/20 The cost of Job #106 using normal costing method is: 1. 0141,760. 2. 0135,040. 3. ol14,600. 4. ol11,800 5. ONone of these answers.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Question
100%
Answer
Transcribed Image Text:MESSENGER
now
Princess Hdol
To Ygl juI
Sent a photo.
اسم الطالب : رؤي زهير جميل الأزرق
1931609 lll
00 : 18 : 48
NOUR Company uses a job costing system with two direct costs categories (Direct material and
direct manufactured labor) and one manufacturing overhead cost. NOUR Co. allocated the MOH
using direct manufactured labor costs. The company provided the following information:
Budget for 2019
Direct material costs
Direct manufactured labor costs
Manufacturing overhead costs
Actual for 2019
800,000
730,000
511,000
840,000
705,000
423,000
During July, the job-cost record for following information about Job #106:
Direct material used
Direct manufactured labor costs
$67,000
$28,000
Question 12/20
The cost of Job #106 using normal costing method is:
1. 0141,760.
2. 0135,040.
3. o114,600.
4. o111,800
5. ONone of these answers.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education