Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of September, but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the total cost of the job when it is completed in October?

A. $26,500
B. $32,000
C. $16,000
D. $37,000
E. $22,500


Answer: D

Business

You might also like to view...

In a process-costing system, goods are relatively homogeneous and different cost flow assumptions are allowable

Indicate whether the statement is true or false

Business

__________focuses on maximizing the surplus of income over costs

Fill in the blanks with correct word.

Business

What questions should you ask yourself in determining whether electronic communication is an appropriate message channel?

Business

The more people invited to attend a meeting, the more difficult it is to find a time convenient for everyone. You have sent out e-mails asking people for their preferred times, but this has generated an overwhelming amount of messages. As a result you have started scheduling meetings at the same time and place. According to the case above, what is an example of a scheduling don't?

What will be an ideal response?

Business