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


Answer: A

Business

You might also like to view...

The market price of a share of common equity reflects

a. the aggregated expectations of all of the market participants following that particular stock. b. the present value of future residual income. c. book value plus the present value of future residual income. d. the correct value for the particular stock.

Business

What is vertical conflict? Illustrate your answer with an example

What will be an ideal response?

Business

Which of the following is not a property of a binomial experiment?

A. The experiment consists of a sequence of n identical trials. B. Each outcome can be referred to as a success or a failure. C. The probabilities of the two outcomes can change from one trial to the next. D. The trials are independent.

Business

Which of the following statements is true about order winners and order qualifiers?

a. Order winners are more important to a firm than order qualifiers. b. Order qualifiers are more important to a firm than order winners. c. Both order winners and order qualifiers are important to a firm. d. Neither order winners nor order qualifiers are important to a firm.

Business