Kendra makes custom baby quilts embroidered with the baby’s name and date of birth. Although quilts can be partially completed in advance, all quilts remain in the Work in Process Inventory account until the final embroidery is completed. Quilt BBGR12 was completed in July. At the beginning of July, costs accumulated on the quilt were direct materials of $50, direct labor of $75, and overhead of $20. Completing the quilt required 2.5 hours of direct labor at $12 per hour. Overhead is applied at $3 per direct labor hour. What is the total cost on the job cost sheet for Job BBGR12 at the end of July? (Show your work.)

Respuesta :

Zviko

Answer:

$182.50

Explanation:

Calculation of  the total cost on the job cost sheet for Job BBGR12

Manufacturing Costs Schedule

Beginning Work In Process Inventory :

Direct Materials                                         $50.00

Direct labor of                                            $75.00

Overhead of                                              $20.00

Incurred during the year :

Direct labor (2.5 hours × $12)                   $30.00

Overheads (2.5 hours × $3)                        $7.50

Total cost on the job cost sheet             $182.50