Job A3B Was Ordered by a Customer on September 25

question 92

Multiple Choice

Job A3B was ordered by a customer on September 25.During the month of September,Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor.The job was not finished by the end of September,but needed an additional $3,000 of direct materials in October and additional direct labor of $6,500 to finish the job.The company applies overhead at the end of each month at a rate of 200% of the direct labor cost.
-What is the amount of job costs added to Work in Process Inventory during October?

• A)$16,000
• B)$22,500
• C)$37,000
• D)$26,500
• E)$32,000

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Definitions:

Delaware

A state in the United States known for its business-friendly laws and courts, which make it a popular jurisdiction for incorporating companies.

Publicly Traded Corporations

Companies whose shares are offered for sale to the general public through a stock exchange.

State

A politically organized body of people usually occupying a definite territory; especially one that is a constituent of a federal republic like the USA.

No-Par Shares

Stocks issued without a par value, meaning the company does not assign a formal value to them, but they still represent ownership in the company.