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7 February, 22:36

Tally Company uses job costing. The job cost record for Job A61 on March 1 showed a balance of $5,200. The job was completed on March 16. During March materials requisitions for this job were $2,300. Labor time records for this job in March were $4,000. Manufacturing overhead is allocated based on direct labor cost. The rate is 90% of direct labor cost. How much is the total cost of Job A61?

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  1. 7 February, 23:16
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    Total cost = $15,100

    Explanation:

    Giving the following information:

    The job cost record for Job A61 on March 1 showed a balance of $5,200.

    Job A61:

    March:

    Direct materials = $2,300.

    Direct Labor = $4,000.

    Manufacturing overhead is allocated based on direct labor cost. The rate is 90% of direct labor cost.

    MOH = 4000*0.9 = $3,600

    Total cost = 5,200 + 2,300 + 4,000 + 3,600 = $15,100
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Home » Business » Tally Company uses job costing. The job cost record for Job A61 on March 1 showed a balance of $5,200. The job was completed on March 16. During March materials requisitions for this job were $2,300.
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