(Solved by Humans)-Zarabi Company builds internal conveyor equipment to client specifications. The October 1 balance...
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Zarabi Company builds internal conveyor equipment to client specifications. The October 1 balance of Job #265 was $30,330; the October balance of Job #266 was $62,170. During October, Jobs #267 and #268 were started. Data on October costs for all jobs are as follows: Job #265 Job #266 Job #267 Job #268 DM $13,000 $ 7,000 $3,500 $4,750 DL 15,000 12,000 1,900 7,000 Job #265 was completed on October 28, and the client was billed at cost plus 30 percent. All other jobs remained in process. Overhead is applied at the rate of 75% of direct labor cost. Required 1. Calculate the overhead applied to each job during the month of October. 2. Prepare job-order cost sheets for each job as of the end of October. 3. Calculate the balance in Work in Process on October 31. 4. What is the price of Job #265?
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This question was answered on: 10 May, 2025
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