Job Order Cost System

question 27

Essay

Job order cost system
Century Pools designs and builds custom pools and spas to the customer's order and uses a job order system.The predetermined overhead rate for the current year is 60% of direct labor cost.
At the end of the current year,Century Pools' direct labor cost totaled $170,000 and actual overhead amounted to $105,000.
A pool built for F.Becker required $32,000 of direct materials and $6,500 of direct labor.It was completed in May of the current year.
(a)Compute the total cost of the Becker pool as shown on the job cost sheet at date of completion.
(b)Compute the amount of under- or over-applied manufacturing overhead for Century's operations for the current year.
(c)What disposition is made of over- or under-applied overhead at the end of the year (assume that the amount is not material)?

Recognize the role of nonverbal cues in enhancing communication.

Differentiate between formal and informal communication and their appropriate contexts.

Understand the impact of high-context and low-context cultures on communication strategies.

Understand the basic concepts of financial risk and business risk.

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Definitions:

Management Knowledge

The body of information and skills related to organizing, planning, directing, and controlling resources for achieving organizational objectives.

American Management Association

The American Management Association is a professional organization that provides a vast range of management development and educational services for individuals and organizations.

Managers Stress

The physical or psychological strain experienced by individuals in managerial positions, often resulting from workload, pressure to meet organizational objectives, or interpersonal conflicts in the workplace.

Enthusiasm For Jobs

A high level of excitement and dedication towards one's work or employment.