Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the year was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53?

Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the year was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53?

Name: Job Cost ExampleJob WR53 at NW Fab, Inc. required $200 of directmater
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Description: Job Cost ExampleJob WR53 at NW Fab, Inc. required $200 of directmaterials and 10 direct labor hours at $15 per hour.Estimated total overhead for the year was $760,000and estimated direct labor hours were 20,000. Whatwould be recorded as the cost of

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10EA: K company production was working on Job 1 and Job 2 during the month. Of the $780 in direct...

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