On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 40% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs.
Answer to relevant QuestionsRefer to the information in QS. During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March. In QS (1) Determine the ...In December 2014, Custom Mfg. established its predetermined overhead rate for jobs produced during 2015 by using the following cost predictions: overhead costs, $750,000, and direct labor costs, $625,000. At year-end 2015, ...In December 2014, Learer Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the ...Refer to the chapter opener regarding Quintin Middleton and his company, Middleton Made Knives. All successful businesses track their costs, and it is especially important for start-up businesses to monitor and control ...Refer to the information in QS. Calculate the assembly department’s cost per equivalent unit of production for materials and for conversion for November. Use the weighted-average method. In QS
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