Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your answers to the nearestdollar amount.)JOB COST SHEETCustomer's Name: Keiser CompanyJob Number 56Job Description: 3 customized systemsDirect MaterialsOverheadDateRequisitionNumberCostTime-TicketNumberAppliedMarch08$5,000T-306March117,000T-432March183,640T-456M-129M-142M-167Direct LaborRequired 1Cost$ 700 $1,2501,2509101,6251,625Total Cost Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747,500of overhead costs and $575,000 of direct labor cost for the period. During March, Shire began and completed Job 56.1. What is the predetermined overhead rate for this period?2. Use the information on the following job cost sheet to determine the total cost of Job 56.

Name: Use the information on the following job cost sheet to determine the
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Description: Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your answers to the nearestdollar amount.)JOB COST SHEETCustomer's Name: Keiser CompanyJob Number 56Job Description: 3 customized systemsDirect Materia

The predetermined overhead rate is calculated as estimated overhead cost divided by estimated direct…

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Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your answers to the nearest dollar amount.) JOB COST SHEET Customer's Name: Keiser Company Job Number 56 ob Description: 3 customized systems Direct Materials Overhead Date Requisition Number Cost Applied March $5,000 910 108 March 7,000 1,625 11 March 18 3,640 1,625 M-129 M-142 M-167 Direct Labor Time-Ticket Number T-306 T-432 T-456 Required 1 Cost 700 1,250 1,250 Total Cost

Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your answers to the nearest dollar amount.) JOB COST SHEET Customer's Name: Keiser Company Job Number 56 ob Description: 3 customized systems Direct Materials Overhead Date Requisition Number Cost Applied March $5,000 910 108 March 7,000 1,625 11 March 18 3,640 1,625 M-129 M-142 M-167 Direct Labor Time-Ticket Number T-306 T-432 T-456 Required 1 Cost 700 1,250 1,250 Total Cost

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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