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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Zarabi Company builds internal conveyor equipment to client specifications. The October 1 balance of Job #265 was $30,330; the October balance of Job #266 was
$62,170.
During October, Jobs #267 and #268 were started. Data on October costs for all jobs are as follows:
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DM |
$13,000 |
$ 7,000 |
$3,500 |
$4,750 |
DL |
15,000 |
12,000 |
1,900 |
7,000 |
Job #265 was completed on October 28, and the client was billed at cost plus 30 percent. All other jobs remained in process. Overhead is applied at the rate of 75% of direct labor cost.
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1.   Calculate the overhead applied to each job during the month of October.
2.   Prepare job-order cost sheets for each job as of the end of October.
3.   Calculate the balance in Work in Process on October 31.
4.   What is the price of Job #265?
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