Highland, Inc, an engineering firm, uses a job order costing system to accumulate client-related costs
The predetermined overhead allocation rate is 40% of staff labor cost. The work by engineers is charged to jobs at a rate of $32 per staff labor hour. A recent job for a client used 70 staff labor hours. How much was the total job cost?
A) $896
B) $2,240
C) $3,136
D) $28
C .C)
Direct labor ($70 x 32 staff labor hours) $2,240
Indirect costs ($2,240 x 40%) 896
Total job cost $3,136
You might also like to view...
Which of the following is a possible indication that fraud may be present?
a. An employee's spouse is diagnosed with Alzheimer's disease. b. An employee's lifestyle changes suddenly. c. An employee's spouse has a serious vehicle accident. d. An employee reports that another employee is a gambling addict.
Describe and contrast the test data method with the integrated test facility
________ is a type of research design involving a fixed sample of population elements that is measured repeatedly
The sample remains the same over time thus providing a series of pictures which, when viewed together, portray a vivid illustration of the situation and the changes that are taking place over time. A) Exploratory research design B) Causal research design C) Cross-sectional research design D) Longitudinal research design
Encouraging and rewarding employees for sharing information, archiving company procedures and documents in an accessible database, and creating a job rotation program to ensure that each member of the staff acquires a baseline knowledge about each department in the organization are all examples of
a. Distributing knowledge b. Loosing knowledge c. Retaining knowledge d. Acquiring knowledge