Answer pls Sheridan Company applies overhead on the basis of 200%of direct labor cost. Job No. 305 is charged with $90,000 ofdirect materials costs and $500,000 of manufacturingoverhead. The total manufacturing costs for Job No. 305 is:a. $590,000b. $840,000c. $1,090,000d. $680,000

Step 1: Define Manufacturing Costs:The manufacturing costs of a product consist of materials, labor,…

Answered: Sheridan Company applies overhead on…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
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Sheridan Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $90,000 of direct materials costs and $500,000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is: a. $590,000 b. $840,000 c. $1,090,000 d. $680,000