ABC Company uses job-order costing and has assembled the following cost data for the production and assembly of item X:Direct manufacturing labor wages                  $35,000Direct material used                                        70,000Indirect manufacturing labor                           4,000Utilities                                                              400Fire insurance                                                    500Manufacturing overhead applied                   11,000Indirect materials                                             6,000Depreciation on equipment                             600Based on the above cost data, the manufacturing overhead for item X is?

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Asked Feb 13, 2020
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ABC Company uses job-order costing and has assembled the following cost data for the production and assembly of item X:
Direct manufacturing labor wages                  $35,000

Direct material used                                        70,000

Indirect manufacturing labor                           4,000

Utilities                                                              400

Fire insurance                                                    500

Manufacturing overhead applied                   11,000

Indirect materials                                             6,000

Depreciation on equipment                             600

Based on the above cost data, the manufacturing overhead for item X is?

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Expert Answer

Step 1

Job Costing:  Job costing is a process of recording the cost on the basis of manufacturing job instead of the process. In job costing, the project manager...

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