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: O a. 802 b. 3,107 c. 1,805 d. 1,381

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: O a. 802 b. 3,107 c. 1,805 d. 1,381

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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 used$130,000$9.50Direct labor per hourOverhead applied bas

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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