Use the following information for questions 13-15. Ark Co. uses a job order costing system. At the beginning of January, the company had 2 jobs in process with the following costs: Direct Material $3,400 1,100 Direct Labor $510 Overhead $255 Job # 456 Job #461 289 Ark pays its workers $8.50 per hour and applies overhead on a direct labor hour basis. 13. What is the overhead application rate per direct labor hour? $0.50 $2.00 c. d. $4.25 $30.00 b. 14. How much overhead was included in the cost of Job #461 at the beginning of January? $144.50 $153.00 $2,200.00 a. b. d. $2,456.50 15. During January, Ark employees worked on Job #479. At the end of the month, $714 of overhead had been applied to this job. Total Work in Process Inventory at the end of the month was $6,800 and all other jobs had a total cost of $3,981. What amount of direct material is included in Job # 479? $2,142 $4,658 $677 $1,391 C. d. a. b.
Use the following information for questions 13-15. Ark Co. uses a job order costing system. At the beginning of January, the company had 2 jobs in process with the following costs: Direct Material $3,400 1,100 Direct Labor $510 Overhead $255 Job # 456 Job #461 289 Ark pays its workers $8.50 per hour and applies overhead on a direct labor hour basis. 13. What is the overhead application rate per direct labor hour? $0.50 $2.00 c. d. $4.25 $30.00 b. 14. How much overhead was included in the cost of Job #461 at the beginning of January? $144.50 $153.00 $2,200.00 a. b. d. $2,456.50 15. During January, Ark employees worked on Job #479. At the end of the month, $714 of overhead had been applied to this job. Total Work in Process Inventory at the end of the month was $6,800 and all other jobs had a total cost of $3,981. What amount of direct material is included in Job # 479? $2,142 $4,658 $677 $1,391 C. d. a. b.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 9P: Channel Products Inc. uses the job order cost system of accounting. The following is a list of the...
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