Logan Company Uses a Job Order Costing System Job 19 for 100 Units Is Started in Department a Overhead

question 66

Essay

Logan Company uses a job order costing system. A predetermined overhead rate of $7 per machine hour in Department A and 220 percent per direct labor dollar in Department B has been established based upon the following information at the beginning of the year:
$\begin{array}{|l|l|l|}\hline & \text { Department } A & \text { Department } B \\\hline\\\hline \text { Estimated overhead } & \$ 40,600 & \$ 88,000 \\\hline \text { Estimated machine hours } & 5,800 & 12,500 \\\hline \text { Estimated direct labor dollars } & \$ 40,000 & \$ 40,000 \\\hline \text { Estimated direct labor hours } & 5,000 & 3,125 \\\hline & &\\\hline\end{array}$ Job 19 for 100 units is started in Department A and completed in Department
B. Determine the total cost of Job 19 and complete the job cost card based on the following information:

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Definitions:

Make Deposits

The act of placing money into a financial account.

Pay Bills

The process of settling amounts owed for purchases, services, or utilities to vendors or suppliers.

Reports Center

A centralized location or platform where various types of business reports can be accessed, generated, or managed.

Vendors Center

A feature in accounting software that organizes and tracks transactions related to suppliers from whom a business purchases goods or services.