Mayflower Corporation manufactures products on a job-order basis. The job cost s
ID: 2444736 • Letter: M
Question
Mayflower Corporation manufactures products on a job-order basis. The job cost sheet for Job #656 shows the following for September:
At the end of September, what total cost appears on the job cost sheet for Job #656?
A) $5,765
B) $6,765
C) $8,325
D) $5,725
Wyman Company is a graphic design shop that produces jobs to customer specifications. During January, Job #3051 was worked on and the following information is available:
What was the total cost of Job #3051 for January?
A) $3,052
B) $2,713
C) $2,812
D) $2,770
Explanation / Answer
Total cost of Job # 656
Direct Material $ 5000
Direct labor $ 725
Overhead ( $26 /machine hour x 40 machine hours ) $ 1040
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Total cost of Job # 656 $6765
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The answer is , therefore, (B) $6765.
Total cost of Job 3051
Direct Material used $2500
Direct labor ( $7/labour hour x 15 hours ) $ 105
Overhead ($18 /machine hour x 6 machine hours ) $ 108
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$2713
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The answer is ,therefore, is (B) $2713