A Company Uses a Job Order Cost Accounting System and Applies

question 36

Essay

A company uses a job order cost accounting system and applies overhead on the basis of direct labor cost.At the end of a recent period, the company's Goods in Process Inventory account appeared as follows:
Write in the blanks for the following:
A.The total cost of the direct materials, direct labor, and factory overhead applied in the December 31 goods in process inventory is $_______________________.
B The company's overhead application rate is __________________%
C Job No.6 had $26,550 of direct labor cost.Therefore, the job must have had $________ of direct materials cost.
D.Job No.8 had $73,998 of direct materials cost.Therefore, the job must have had $________ of factory overhead cost.

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Definitions:

Self-Confrontation

A therapeutic process where individuals are encouraged to reflect and critically analyze their own behaviors, thoughts, and emotions to facilitate personal understanding and growth.

Additive Empathy

Additive Empathy is a therapeutic technique where the therapist adds to what the client has said to demonstrate understanding, often contributing deeper insight or highlighting emotional undertones.

Interpretation Guidelines

A set of rules or suggestions designed to assist in the translation or explanation of information in a specific context.

Employing Interpretation

The process of using analytical and critical thinking skills to understand and explain the meaning or significance of something.