Examlex

Solved

Needham Company Uses a Job-Order Costing System The Company Applies Overhead at 120% of Direct Labor Cost

question 114

Multiple Choice

Needham Company uses a job-order costing system.During the month of September,the company worked on three jobs.The job-order cost sheets for the three jobs contained the following information at the end of September:  Job A  Job B  Job C  Beginning Balances $4,000$3,000$6,000 Direct Materials 1,0001,6002,000 Direct Labor 2,4004,6001,800\begin{array} { l r r r } & \text { Job A } & \text { Job B } & \text { Job C } \\\text { Beginning Balances } & \$ 4,000 &\$ 3 , 0 0 0 &\$ 6 , 0 0 0 \\\text { Direct Materials } & 1,000 & 1,600 & 2,000 \\\text { Direct Labor } & 2,400 & 4,600 & 1,800\end{array} The company applies overhead at 120% of direct labor cost.
During September Job B was completed,and it was sold in October.At the end of September the total cost in Work in Process was:


Definitions:

Enuresis

Failure to control the bladder (urination) once the normal age for control has been reached.

Encopresis

A condition in children characterized by the involuntary passage of feces, typically associated with chronic constipation.

Elimination Disorders

Psychiatric conditions involving problems with bowel or bladder control, including enuresis and encopresis, primarily in children.

Sleep Terrors

A sleep disorder causing feelings of terror or dread, commonly involving screaming, flailing, and intense fear during sleep, more often in children.

Related Questions