Refer to Chapman Company. How much overhead was included in the cost of Job #461

Question

Refer to Chapman Company. How much overhead was included in the cost of Job #461 at the beginning of March?

job-order costing and process costing have which of the following characteristics?

Chapman Company uses a job-order costing system. At the beginning of March, the company had two jobs in process with the following costs:
Direct Material Direct Labor Overhead Job #456 $3,400 $510 $255 Job #461 1,100 289 ?
Chapman pays its workers $8.50 per hour and applies overhead on a direct labor hour basis.

Explanation / Answer

Per Labour Hour cost= $ 8.50

So total labour hour for Job #461= Direct Labour/ Per hour = 289/8.5= 34 labour hours

Sorry we need budgeted overhead cost to determine overhead cost.

Job-order costing and process costing have which of the following characteristics

Answer: C. heterogeneous products homogeneous products
and small quantities and large quantities.

Because job costing used for unique proudcts which must bein small quantites and process costing used for standardised prouducts produced in large quantites.

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