Ask Question
15 May, 15:50

Tenderfoot company uses a job costing system. The work in process inventory on December 31, 2012 consisted of Job No. 175. This job had been charged with direct materials of $17,400 and direct labor of $20,000. Overhead is charged at a rate of 80% of direct labor cost. The cost of Job No. 175 was:

+4
Answers (1)
  1. 15 May, 17:05
    0
    Total cost = $53,400

    Explanation:

    Giving the following information:

    Job No. 175:

    This job had been charged with:

    Direct materials of $17,400

    Direct labor of $20,000.

    Overhead is charged at a rate of 80% of direct labor cost

    Total cost = direct labor + direct materials + manufacturing overhead

    Total cost = 20000 + 17400 + (0.80*20000) = $53,400
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tenderfoot company uses a job costing system. The work in process inventory on December 31, 2012 consisted of Job No. 175. This job had ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers