determining total job costs using predetermined overhead rate barbara lee manufactur 729454
Determining total job costs, using predetermined overhead rate
Barbara Lee Manufacturing Company uses the job order cost system of accounting. The following is a list of the jobs completed during the month of March, showing the charges for materials requisitioned and for direct labor.
|
Job |
Materials Requisitioned |
Direct Labor |
|
18AX |
$300 |
$600.00 |
|
19BT |
1,080 |
940 |
|
20CD |
720 |
1,400.00 |
|
21FB |
4,200.00 |
5,120.00 |
Assume that factory overhead is applied on the basis of direct labor costs and that the predetermined rate is 200%.
Required:
1. Compute the amount of overhead to be added to the cost of each job completed during the month.
2. Compute the total cost of each job completed during the month.
3. Compute the total cost of producing all the jobs finished during the month.