Question

On july 1, job 46 had a beginning balance of $1,235. During july, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921. Required: 1. What was overhead applied to the job during july? $ 2. What was direct materials for job 46 for july? Direct labor? Direct labor $ direct materials $ 3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? (note: round your answer to the nearest whole percent.) %

Answer 1

On july 1, job 46 had a beginning balance of $1,235. During july, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921. Required: r
qualified
quantitative
qualitative