Use the following information for questions 24-27. The following information pertains to XYz Co. for September 2001. Overhead Direct Material Direct Labor $ 4,500 5,000 ? Job #123 $ 3,200 Job #125 ? $ 5,550 Job #201 XYZ Co. applies overhead for Job #123 at 140 percent of direct labor cost and at 150 percent of direct labor 5,670 cost for Jobs #125 and # 201. The total cost of Jobs #123 and #125 is identical. 24. What amount of overhead is applied to Job # 123? b. a. $4,800 $5,550 C. $6,300 d. $7,500 25. What amount of overhead is applied to Job # 125? b. a. $8,325 $7,500 C. $7,000 d. $5,000 26. What is the amount of direct material for to Job #125? b. $1,950 $1,500 C. $3,700 d. $7,500
Use the following information for questions 24-27. The following information pertains to XYz Co. for September 2001. Overhead Direct Material Direct Labor $ 4,500 5,000 ? Job #123 $ 3,200 Job #125 ? $ 5,550 Job #201 XYZ Co. applies overhead for Job #123 at 140 percent of direct labor cost and at 150 percent of direct labor 5,670 cost for Jobs #125 and # 201. The total cost of Jobs #123 and #125 is identical. 24. What amount of overhead is applied to Job # 123? b. a. $4,800 $5,550 C. $6,300 d. $7,500 25. What amount of overhead is applied to Job # 125? b. a. $8,325 $7,500 C. $7,000 d. $5,000 26. What is the amount of direct material for to Job #125? b. $1,950 $1,500 C. $3,700 d. $7,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![23. Assume the balance in Work in Process Inventory was $18,500 on June 1 and $25,297 on June 30. The balance
on June 30 represents one job that contains direct material of $11,250. How many direct labor hours have been
worked on this job (rounded to the nearest hour)?
a.
751
b.
1,324
1,653
d.
2,976
Use the following information for questions 24-27.
The following information pertains to XYZ Co. for September 2001.
Overhead
?
Direct Material Direct Labor
$ 4,500
5,000
Job #123
$ 3,200
Job #125
Job #201
5,670
$ 5,550
XYZ Co. applies overhead for Job #123 at 140 percent of direct labor cost and at 150 percent of direct labor
cost for Jobs #125 and # 201. The total cost of Jobs #123 and # 125 is identical.
24. What amount of overhead is applied to Job # 123?
$4,800
b.
$5,550
c.
$6,300
d.
$7,500
a.
25. What amount of overhead is applied to Job #125?
$7,500
$8,325
b.
$7,000
d.
$5,000
a.
с.
26. What is the amount of direct material for to Job #125?
b.
a.
$1,950
$1,500
C.
$3,700
d.
$7,500
27. Assume that Jobs #123 and #201 are incomplete at the end of September. What is the balance in Work in
Process Inventory at that time?
b.
a.
$18,920
$22,620
$28,920
d.
$30,120
Use the following information for questions 28 and 29.
Zew Co. has a job order costing system and an overhead application rate of 120 percent of direct labor
cost. Job # 33 is charged with direct material of $12,000 and overhead of $7,200. Job #34 has direct material of
$2,000 and direct labor of $9,000.
28. What amount of direct labor cost has been charged to Job #33?
a.
$6,000
b.
$8,640
C.
$7,200
d.
$14,400
29. What is the total cost of Job # 34?
$30,200
b.
$21,800
C.
$11,000
d.
$10,800
Page 3 of 3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcbcd138c-5416-48d6-ac24-1fa5d60c6a8a%2F16babc46-cc0a-4f5e-b438-3e363ebc94df%2Fgvzh0ck_processed.jpeg&w=3840&q=75)
Transcribed Image Text:23. Assume the balance in Work in Process Inventory was $18,500 on June 1 and $25,297 on June 30. The balance
on June 30 represents one job that contains direct material of $11,250. How many direct labor hours have been
worked on this job (rounded to the nearest hour)?
a.
751
b.
1,324
1,653
d.
2,976
Use the following information for questions 24-27.
The following information pertains to XYZ Co. for September 2001.
Overhead
?
Direct Material Direct Labor
$ 4,500
5,000
Job #123
$ 3,200
Job #125
Job #201
5,670
$ 5,550
XYZ Co. applies overhead for Job #123 at 140 percent of direct labor cost and at 150 percent of direct labor
cost for Jobs #125 and # 201. The total cost of Jobs #123 and # 125 is identical.
24. What amount of overhead is applied to Job # 123?
$4,800
b.
$5,550
c.
$6,300
d.
$7,500
a.
25. What amount of overhead is applied to Job #125?
$7,500
$8,325
b.
$7,000
d.
$5,000
a.
с.
26. What is the amount of direct material for to Job #125?
b.
a.
$1,950
$1,500
C.
$3,700
d.
$7,500
27. Assume that Jobs #123 and #201 are incomplete at the end of September. What is the balance in Work in
Process Inventory at that time?
b.
a.
$18,920
$22,620
$28,920
d.
$30,120
Use the following information for questions 28 and 29.
Zew Co. has a job order costing system and an overhead application rate of 120 percent of direct labor
cost. Job # 33 is charged with direct material of $12,000 and overhead of $7,200. Job #34 has direct material of
$2,000 and direct labor of $9,000.
28. What amount of direct labor cost has been charged to Job #33?
a.
$6,000
b.
$8,640
C.
$7,200
d.
$14,400
29. What is the total cost of Job # 34?
$30,200
b.
$21,800
C.
$11,000
d.
$10,800
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