Job A3B Was Ordered by a Customer on September 25

question 213

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

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Definitions:

Volunteered Risk

The concept of knowingly and willingly exposing oneself to danger, risk, or harm.

Contributorily Negligent

Refers to a situation where the plaintiff is found to have played a part in their own harm, potentially reducing the compensation they receive.

Duty of Care

A legal obligation to adhere to a standard of reasonable care while performing acts that could foreseeably cause harm to others.

Res Ipsa Loquitor

A legal doctrine allowing the presumption of negligence by the defendant when the accident could not have happened without negligence.