Chapter 11, Problem 53P

Q. GENERAL ACCOUNT

A job order cost sheet includes a. the selling price of the job. b. a total when a job is completed and transferred to the cost of goods sold. c. all manufacturing costs for a job. d. all manufacturing overhead costs for the period.

Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $226,000, direct professional labor hours were estimated to be 28,000, and direct professional labor cost was projected to be $425,000. During the year, Armour incurred actual overhead costs of $205,200, actual direct professional labor hours of 23,900, and actual direct labor costs of $333,000. By year-end, the firm's overhead was __.