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TB MC Qu. 15-94 (Algo) Job A3B was ordered by a customer on...

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation used $3,200 of direct materials and used $4,700 of direct labor. The job was not finished in September. An additional $3,700 of direct materials and $7,200 of direct labor were needed to finish the job in October. The company applies overhead at the end of each month at a rate of 150% of the direct labor cost incurred. What is the total cost of the job when it is completed in October?

Multiple Choice

• $18,800

• $21,700

• $36,650

• $26,400

• $33,300

TB MC Qu. 15-104 (Algo) A company that uses job order...

A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories at March 1. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March.

	Job 1	Job 2	Job 3
Direct materials used	$ 11,600	$ 15,600	$ 4,600
Direct labor used	$ 19,600	$ 9,600	$ 7,600

Determine the total dollar amount of Finished Goods Inventory at the end of March.

Multiple Choice

• $53,120.

• $42,760.

• $34,560.

• $86,720.

• $7,160.

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