Question: all the required question is below. Provide me a accurate Answer with all the steps required. NWT Consultants, located in Yellowknife, Northwest Territories, is a

all the required question is below. Provide me a accurate Answer with all the steps required.
all the required question is below. Provide me a accurate Answer with
all the steps required. NWT Consultants, located in Yellowknife, Northwest Territories, is
a small but growing business that analyzes a variety of construction materials

NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important. During the month of December 2021. NWT completed 36 different jobs. Records pertaining to one such job (reference number: MT Q421-442) are as follows: The documents with the references M and L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021 , it estimated $552,240 as the overhead amount and $468,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2021. 2. Compute the total costs of the job. 3. Prepare a job cost sheet for job MT Q421 442

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!