Question

Jeeter Company uses a job costing system. Overhead is allocated based on 120% of direct labor cost. Last month’s transactions in the work in process account are shown here:


Only one job, 850, was still in process at the end of the month. Job 850 was charged with $9,000 in overhead for the month.

REQUIRED
A. What is the ending balance in the WIP account?
B. How much direct labor cost was used for Job 850?
C. What is the amount of direct materials used for Job850?


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  • CreatedJanuary 26, 2015
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