Homework SourseTruett Corporation just finished Job 2 The following data ha
Truett Corporation just finished Job #2. The following data have been recorded on its job cost sheet:
The Corporation applies overhead on the basis of machine-hours. The predetermined overhead rate is $19 per machine-hour. The total cost that would be recorded on the job cost sheet for Job #2 would be:
$3,720
$7,236
$3,793
$6,396
| Direct materials | $2,461 | |
| Direct labor-hours | 74 | labor-hours |
| Direct labor wage rate | $ 18 | per labor-hour |
| Machine-hours | 137 | machine-hours |
Solution
Calculation of total cost that would be recorded on the job cost sheet for Job #2
Particulars
Amount ($)
Direct Materials
2,461.00
Direct Labour (74*18)
1,332.00
Overheads (19*137)
2,603.00
Total Cost (2461+1332+2603)
6,396.00
| Calculation of total cost that would be recorded on the job cost sheet for Job #2 | ||
| Particulars | Amount ($) | |
| Direct Materials | 2,461.00 | |
| Direct Labour (74*18) | 1,332.00 | |
| Overheads (19*137) | 2,603.00 | |
| Total Cost (2461+1332+2603) | 6,396.00 |
