When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115 units were produced at a per-unit cost of Oa. $38,070 Ob. $2,115 Oc. $18 Od. $23,985

When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115 units were produced at a per-unit cost of Oa. $38,070 Ob. $2,115 Oc. $18 Od. $23,985

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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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

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When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115
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Ob. $2,115
Oc. $18
Od. $23.985
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