On June 1, Job 24 had a beginning balance of $330. During June, direct materials of $475
Question:
On June 1, Job 24 had a beginning balance of $330. During June, direct materials of $475 and direct labor of $280 were added to the job. Overhead is applied to production at the rate of 75 percent of direct labor cost.
Required:
1. Set up a simple job-order cost sheet for Job 24. What is the total cost of Job 24?
2. If Job 24 consisted of five units, what is the unit cost?
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1 Job 24 Beginning balance 330 Direct materials 475 ...View the full answer
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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