Overhead application and job-order costing

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Reference no: EM13960225

Overhead Application and Job-Order Costing

Heurion Company is a job-order costing firm that uses a plant wide overhead rate based on direct labor hours. Estimated information for the year is as follows:

Overhead	$789,000
Direct labor hours	100,000

Heurion worked on five jobs in July. Data are as follows:

	Job 741	Job 742	Job 743	Job 744	Job 745
Balance, July 1	$29,870	$55,215	$27,880	$0	$0
Direct materials	$25,500	$39,800	$14,450	$13,600	$8,420
Direct labor cost	$61,300	$48,500	$28,700	$24,500	$21,300
Direct labor hours	4,000	3,400	1,980	1,600	1,400

By July 31, Jobs 741 and 743 were completed and sold. The remaining jobs were in process.

Score: 124/124

Heurion Company

Job-Order Cost Sheets

For the Month of July

1		Job 741	Job 742	Job 743	Job 744	Job 745
2	Beginning balance	?	?	?	?	?
3	?	?	?	?	?	?
4	?	?	?	?	?	?
5	?	?	?	?	?	?
6	?	?	?	?	?	?

Calculate the balance in Work in Process on July 31.

Work in process balance on July 31 is .

Points:

0 / 1

Calculate Cost of Goods Sold for July.

Cost of Goods Sold for July is .

Reference no: EM13960225

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