Julian Company is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows:

Overhead ......$665,000

Direct labor hours ....100,000

Julian worked on five jobs in July. Data are as follows:

By July 31, Jobs 210 and 212 were completed and sold. The remaining jobs were in process.

Required:
1. Calculate the plantwide overhead rate for Julian Company.
2. Prepare job-order cost sheets for each job showing all costs through July 31.
3. Calculate the balance inWork in Process on July 31.
4. Calculate Cost of Goods Sold forJuly.

Transcribed Image Text:

Balance, July 1 Direct materials Direct labor cost Direct labor hours Job 210 Job 211 Job 212 Job 213 Job 214 $32,780 $51,770 $29,600 $25,500 $39,800 $24,450 $13,600 $18,420 $60,000 $28,500 $41,500 $23,000 $21,300 $0 4,000 1,900 2,700 1,500 1,400