Ask Question
31 August, 11:44

Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the following information: Direct materials $ 480 Direct labor $ 150 Manufacturing overhead applied $ 600 An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?

+2
Answers (1)
  1. 31 August, 11:59
    0
    Total Cost of the Job $

    Direct materials 480

    Direct labour 150

    Additional labour 100

    Applied overhead 600

    Total cost 1,330

    The total amount to be transferred to finished goods inventory in November is $1,330.

    Explanation:

    The total cost of the job is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Juanita ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers