Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Bothell Company uses a job order costing system that allocates estimated overhead as 40% of prime costs. What is the cost of a job that required direct materials of $2,000 and direct labor of $5,200

Sagot :

Answer:

$10,080

Explanation:

The computation of the cost of the job is shown below:

We know that

prime cost = direct material + Direct labor

= $2,000 + $5,200

= $,7200

Now  overhead is

= 40% of $7200

= $2,880

And,

Cost of job = direct material + Direct labor + overhead

= $2,000 + $5,200 + $2,880

= $10,080

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.