John at Tim's Toys was working on a custom-made miniature car for a customer. The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost. During April, John's time ticket showed 50 hours on Job BCB101, 25 hours on Job BCB102, and 40 hours on a new job, BCB103. What is the total amount of overhead applied to Job BCB101?

Question

Business

Patricia Garrison

18 March, 16:54

John at Tim's Toys was working on a custom-made miniature car for a customer. The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost. During April, John's time ticket showed 50 hours on Job BCB101, 25 hours on Job BCB102, and 40 hours on a new job, BCB103. What is the total amount of overhead applied to Job BCB101?

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Answers (1)

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Ariella Mueller · Answer 1

Applied overhead = $9,375

Explanation:

Giving the following information:

The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost.

During April, John's time ticket showed 50 hours on Job BCB101.

Applied overhead = (200*75) * 0.5 + (50*75) * 0.5 = $9,375