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Figure 5-5

Question 18

Multiple Choice

Figure 5-5.Brillant Design Company makes custom chairs for individual customers. On October 1, there was one job in process, Job 243, with a cost of $1,300. Jobs 244, 245, and 246 were started during the month of October. Data on costs added during the month are as follows:
Figure 5-5.Brillant Design Company makes custom chairs for individual customers. On October 1, there was one job in process, Job 243, with a cost of $1,300. Jobs 244, 245, and 246 were started during the month of October. Data on costs added during the month are as follows: Overhead is applied to production at the rate of 70% of direct labor cost. Job 245 was completed on October 14 and the client was billed at cost plus 55%. All other jobs remained in process. -Refer to Figure 5-5. Calculate the balance in Work-in-Process on October 31. A) $17,717 B) $22,875 C) $36,653 D) $32,820 E) $15,820 Overhead is applied to production at the rate of 70% of direct labor cost. Job 245 was completed on October 14 and the client was billed at cost plus 55%. All other jobs remained in process.
-Refer to Figure 5-5. Calculate the balance in Work-in-Process on October 31.


A) $17,717
B) $22,875
C) $36,653
D) $32,820
E) $15,820

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