Prompton Heating & Cooling installs and services commercial heating and cooling systems. Prompton uses job...
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Accounting
Prompton Heating & Cooling installs and services commercial heating and cooling systems. Prompton uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labour hours spent on that job. At the beginning of the current year, Prompton estimated that its overhead for the coming year would be $66,000. It also anticipated using 5,000 direct labour hours for the year. In December, Prompton started and completed the two jobs shown in the accompanying data. Prompton paid a $24-per-hour wage rate to the employees who worked on these two jobs. Job 101: Direct materials used - $18,500 Direct labour hours used - 185 Job 102: Direct materials used
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