The Talbott Company has received an order for 100 widgets. On January 20 the shop supervisor requisitioned 100 units of part 503 at a cost of S5 per unit and 500 units part 456 at a cost of $3 per unit to begin work on the 100 widgets. On the same day 20 hours of direct labor at $20 per hour are used to work on the widgets. On January 21. 200 units of part 543 at s6 per unit are requisitioned and 10 hours of direct labor at $15 per hour are performed on the 100 units of widgets to complete the job. Overhead is allocated to the job based on $5 per direct labor hour. What is the total job cost? a. $4000 b. $3,900 C $3000 d. $2900 What is the total cost for direct labor? a. $600 b. $500 C $550 d. $650

The Talbott Company has received an order for 100 widgets. On January 20 the shop supervisor requisitioned 100 units of part 503 at a cost of S5 per unit and 500 units part 456 at a cost of $3 per unit to begin work on the 100 widgets. On the same day 20 hours of direct labor at $20 per hour are used to work on the widgets. On January 21. 200 units of part 543 at s6 per unit are requisitioned and 10 hours of direct labor at $15 per hour are performed on the 100 units of widgets to complete the job. Overhead is allocated to the job based on $5 per direct labor hour. What is the total job cost? a. $4000 b. $3,900 C $3000 d. $2900 What is the total cost for direct labor? a. $600 b. $500 C $550 d. $650

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Talbott Company has received an order (4324 for 100 widgets. On January 20 the shop supervisor requisitioned 100 units of part 503 at a cost of $5 per unit and 500 units of part 456 at a cost of $3 per unit to begin work on the 100 widgets. On the same day 20 hours of direct labor at $20 per hour are used to work on the widgets. On January 21, 200 units of part 543 at $6 per unit are requistioned and 10 hours of drect labor at S15 per hour are performed on the 100 units of widgets to complete the job. Overhead is allocated to the job based on $5 per drect labor hour Required Prepare a job onder cost sheet for the 100 widgets
The Talbott Company has received an order (#324) for 100 widgets. On January 20 the shop supervisor requisitioned 100 units of part 503 at a cost of $5 per unit and 500 units part 456 at a cost of $3 per unit to begin work on the 100 widgets. On the same day 20 hours of direct labor at $20 per hour are used to work on the widgets. On January 21, 200 units of part 543 at S6 per unit are requisitioned and 10 hours of direct labor at $15 per hour are performed on the 100 units of widgets to complete the job. Overhead is allocated to the job based on $5 per direct labor hour. Make a job order cost sheet for the 100 widgets.
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