On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs.| | **Job 1** | **Job 2** | **Job 3** ||-------------|-----------|-----------|-----------|| Direct materials used | $6,600 | $8,600 | $3,100 |**Diagram Explanation:**A table is provided to record the computation of overhead applied to each job. The table includes columns for Job 1, Job 2, and Job 3, and a single row labeled "Direct materials used" with values corresponding to each job. The diagram also includes a section labeled "Overhead Applied" to be filled out based on the calculation at the given rate of 45% of the direct materials cost.To compute the overhead:- For Job 1: $6,600 x 45% = $2,970- For Job 2: $8,600 x 45% = $3,870- For Job 3: $3,100 x 45% = $1,395These calculations determine the overhead cost assigned for each dress-making job.

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Description: On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct

The overhead applied on each job at 45% of Direct material costs

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On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs. Direct materials used Job 1 Job 2 Job 3 Overhead Applied Job 1 $ 6,600 Job 2 $ 8,600 Job 3 $ 3,100

On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs. Direct materials used Job 1 Job 2 Job 3 Overhead Applied Job 1 $ 6,600 Job 2 $ 8,600 Job 3 $ 3,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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