A company uses job - order costing and assigns overhead on the basis of direct labor hours.
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Question:
A company uses joborder costing and assigns overhead on the basis of direct labor hours. The company estimates that its annual fixed and variable overhead costs and direct labor hours will be:
Estimated total annual fixed overhead costs $
Estimated variable overhead cost per direct labor hour $
Estimated direct labor hours hours
Job was completed during the year and incurred $ in materials costs and $ in direct labor costs for direct labor hours Calculate the incremental cash cost of completing this job. Round any intermediate calculations and the final answer to the nearest dollars and cents.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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