Job-order costing variables

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Reference no: EM13787524

Job-Order Costing Variables

On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totalled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921.

Required:

1. What was overhead applied to the job during July?

$_______

2. What were direct materials for Job 46 for July? Direct labor?

Direct labor $_____

Direct materials $_____

3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? (Note: Round your answer to the nearest whole percent.)

____%

Reference no: EM13787524

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