Overhead costs at year-end

Reference no: EM13149309

Sigma Co. appies overhead costs to jobs on the basis of direct labor costs. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor.

Should any of the overhead costs at year-end be added to Job W? If so, how much? Explain.

Reference no: EM13149309

Questions Cloud

How would this affect the store inventories : While waiting for their buses to leave, they decide to browse your school bookstore and buy some items that catch their eye. How would this affect the store’s inventories?

How would you treat the possible future costs of a lawsuit : In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project.

Find probability that exactly two claims will be filed : File a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend, what is the probability that exactly two claims will be filed?

Why did not it win all of those contracts : Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?

Overhead costs at year-end : Should any of the overhead costs at year-end be added to Job W? If so, how much? Explain.

Find true proportion of regular voters with confidence : A medium-size college town were surveyed, and it was found that 110 were regular voters. Estimate the true proportion of regular voters with 90% confidence.

Which is not a primary cause of economic growth : Economies grow for a variety of reasons. Which of the following is not a primary cause of economic growth?

Discuss functions of the skin : Discuss 8 functions of the skin. Describe the application of one of these functions in modern medicine. State any possible setbacks.

Total value that chase corp should use to record warrants : The stock warrants will expire on December 31, 2008. Select the total value that Chase Corp should use to record the detachable warrants issued on March 1, 2006.

User Account

All Pages