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Feedback Check My Work Budgeted direct labor cost = average wage rate for direct...

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Accounting

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Check My Work
Budgeted direct labor cost = average wage rate for direct labor x budgeted direct labor hours.
Overhead rate = budgeted overhead costs budgeted direct labor cost.
2. Set up a simple job-order cost sheet for all jobs in process during June.
Perrin Company
Job-Order Cost Sheets
\table[[,Job 39,Job 40,Job 41,Job 42],[Balance: June 1,$,$,$,$
Job costs Using a Plantwide Overhead Rate
Perrin Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $330,000, and budgeted direct labor hours were 22,000. The average wage rate for direct labor is expected to be $30 per hour. During June, Perrin Company worked on four jobs. Data relating to these four jobs follow:
\table[[,Job 39,Job 40,Job 41,Job 42],[Beginning balance,$23,400,$33,600,$19,300,$1,800

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