7 Juanita Corporation uses a job-order costing system and applies overhead on th

Question

7 Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the ng information Direct materials Direct labor Manufacturing overhead applied $600 $480 $150 00:39:0 An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed? Multiple Choice $1.330 $500 $1,230 $1.730

Explanation / Answer

Overhead rate = 600*100/150 = 400% of labour cost

FInished goods inventory = 100+(100*400%)+480+150+600 = 1730

so answer is d) $1,730

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