FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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HAS-18392 Company uses a job-order costing system. Its plantwide predetermined overhead rate
uses direct labor-hours as the allocation base. The company pays its direct laborers $15.00 per hour.
During the year, the company started and completed only two jobs-Job Teta, which used 64,500
direct labor-hours, and Job Gamma. The job cost sheets for these two jobs are shown below:
Job Teta
Direct materials
Direct labor
Manufacturing overhead applied
Total job cost
?
?
?
$ 2,359,500
Job Gamma
Direct materials
Direct labor
Manufacturing overhead applied
Total job cost
$ 351,200
408,000
544,000
$ 1,303,200
How much is the direct materials cost for Job Teta?
967,500
1,069,500
1,290,000
102,000
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Transcribed Image Text:HAS-18392 Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15.00 per hour. During the year, the company started and completed only two jobs-Job Teta, which used 64,500 direct labor-hours, and Job Gamma. The job cost sheets for these two jobs are shown below: Job Teta Direct materials Direct labor Manufacturing overhead applied Total job cost ? ? ? $ 2,359,500 Job Gamma Direct materials Direct labor Manufacturing overhead applied Total job cost $ 351,200 408,000 544,000 $ 1,303,200 How much is the direct materials cost for Job Teta? 967,500 1,069,500 1,290,000 102,000
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