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The Following Data Have Been Recorded for Recently Completed Job

question 83

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The following data have been recorded for recently completed Job 674 on its job cost sheet.Direct materials cost was $2,039.A total of 32 direct labor-hours and 175 machine-hours were worked on the job.The direct labor wage rate is $14 per labor-hour.The company applies manufacturing overhead on the basis of machine-hours.The predetermined overhead rate is $15 per machine-hour.The total cost for the job on its job cost sheet would be:

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members from current or retained earnings, usually in the form of cash.

Liability

Obligations or debts that a business owes to external parties, which need to be settled over time through the transfer of economic benefits.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares owned.

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