Job A3B Was Ordered by a Customer on September 25

question 80

Multiple Choice

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 the month,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)$16,000
• B)$22,500
• C)$37,000
• D)$26,500
• E)$32,000

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize law among states.

Conflict-Of-Law

A legal discipline that addresses discrepancies and disputes involving the application of laws from different jurisdictions or countries.

International Law

A body of rules and principles that governs the relations and conduct of nations and international organizations.

Magnuson-Moss Act

A federal law enacted in 1975 that governs warranties on consumer products to protect consumers from deceptive warranty practices.