Solution-Calculate and add applied overhead to each job

Calculate and add applied overhead to each job

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Reference no: EM133147511

Question - Pham Company builds internal conveyor equipment to client specifications. On March 1, Job 872 was in process with a cost of $17,320 to date. During March, Jobs 873, 874, and 875 were started. Data on costs added during March for all jobs are as follow:

	Job 872	Job 873	Job 874	Job 875
Direct Materials	$13,960	$7,000	$350	$4,800
Direct Labour	$13,800	$10,000	$1,500	$4,000

Overhead is applied to production at the rate of 70 percent ($0.70/DL) of direct labour cost. Job 873 was completed on March 28, and the client was billed at cost plus 40 percent. All other jobs remained in process.

Required -

1. Calculate and add applied overhead to each job.

2. Complete the end of March job-order cost sheets (i.e. calculate total cost of each job).

3. Calculate the balance in the Work in Process account as of March 31.

4. Calculate the price of Job 873.

Reference no: EM133147511

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Calculate and add applied overhead to each job

Reference no: EM133147511

Reference no: EM133147511

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