Reilly Company Reilly Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #8, #12, and #15. Raw material used $130,000 $9.50 Direct labor per hour Overhead applied based on direct labor cost 125% Direct material was requisitioned as follows for each job respectively: 25 percent, 30 percent, and 30 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,800; 3,300; and 4,000; respectively. Indirect labor is $45,000. Other actual overhead costs totaled $50,000. Refer to Reilly Company. What is the total amount of actual overhead? Select one: O O O a. $95,000 b. $45,00 c. $114,500 d. $119,938

Reilly Company Reilly Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #8, #12, and #15. Raw material used $130,000 $9.50 Direct labor per hour Overhead applied based on direct labor cost 125% Direct material was requisitioned as follows for each job respectively: 25 percent, 30 percent, and 30 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,800; 3,300; and 4,000; respectively. Indirect labor is $45,000. Other actual overhead costs totaled $50,000. Refer to Reilly Company. What is the total amount of actual overhead? Select one: O O O a. $95,000 b. $45,00 c. $114,500 d. $119,938

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Description: Reilly CompanyReilly Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #8, #12, and #15.Raw material usedDirect labor per hourOverhead applied based on direct

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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Reilly Company Reilly Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #8, #12, and #15. Raw material used $130,000 $9.50 Direct labor per hour Overhead applied based on direct labor cost 125% Direct material was requisitioned as follows for each job respectively: 25 percent, 30 percent, and 30 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,800; 3,300; and 4,000; respectively. Indirect labor is $45,000. Other actual overhead costs totaled $50,000. Refer to Reilly Company. Assume the balance in Work in Process Inventory was $21,500 on April 1 and $29,520 on April 30. The balance on April 30 represents one job that contains direct material of $12,375. How many direct labor hours have been worked on this job (rounded to the nearest hour)? Select one: a. 802 b. 3,107 c. 1,805 d. 1,381 O O
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Carradine Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based as predetermined overhead rate for the curren manufacturing overhead cost of $105,000. variable manufacturing overhead of $3.00 per machine hour, and 70,000 machine hours. The company recently completed job P223 which required 60 machine overhead applied to Job P233 is closest to O $90 O $270 Ⓒ$450 O$180
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