Century 21 Accounting General Journal Working Papers
Century 21 Accounting General Journal Working Papers
11th Edition
ISBN: 9781337623247
Author: Gilbertson, Claudia Bienias.
Publisher: Cengage Learning,
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Timberline worked on four jobs during its first year of operation: Nos. 501, 502, 503, and 504. Nos. 501 and 502 were completed by year-end, and No. 501 was sold at a profit of 35% of cost. A review of Job No. 503’s cost record revealed direct material charges of $18,000 and total manufacturing costs of $23,400. If Timberline allocated overhead at 140% of direct labor cost, the overhead allocated to Job No. 503 must have been __. Need answer
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