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Figure 5-5

Question 176

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. What is the price of Job 245? A) $20,204.20 B) $10,627.70 C) $22,310.50 D) $18,761.20 E) $14,399.50 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. What is the price of Job 245?


A) $20,204.20
B) $10,627.70
C) $22,310.50
D) $18,761.20
E) $14,399.50

Correct Answer:

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