Compute the total job cost for each of the following
Compute the total job cost for each of the following scenarios:
a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials used totaled \$5,000 and that the direct labor cost totaled \$3,200.
b. If the direct labor hour method is used in applying factory overhead and the predetermined rate is \$10 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled \$5,000, the direct labor cost totaled \$3,200, and the number of direct labor hours totaled 250.
c. If the machine hour method is used in applying factory overhead and the predetermined rate is \$12.50 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled \$5,000, the direct labor cost totaled \$3,200, the direct labor hours were 250 hours, and the machine hours were 295 hours.
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