Diamond Design Company Makes Custom Chairs for Individual Customers

question 61

Multiple Choice

Diamond Design Company makes custom chairs for individual customers.On September 1, there was one job in process, Job 243, with a cost of $2,000.Jobs 244, 245, and 246 were started during the month of September.Data on costs added during the month are as follows:
Overhead is applied to production at the rate of 60% of direct labor cost.Job 245 was completed on September 14 and the client was billed at cost plus 40%.All other jobs remained in process.

Calculate the balance in Work-in-Process on September 30.

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Definitions:

Employment Patterns

The trends and shifts in how employment is structured in society, including job types, industry demands, and workforce distribution.

Flaming Heart

Symbolically represents intense passion or a burning love, often used in art and literature to depict strong emotions.

Self-Confidence

A belief in oneself that gives inner strength to overcome difficult tasks; a leadership quality that raises the trust and confidence of followers and increases their ability to perform.

Natural Talent

Inherent abilities or aptitudes that an individual possesses, which can give them an advantage in certain areas or activities.