Question

If you had a Job Costing job that had $100 in DM, $200 of DL and...

If you had a Job Costing job that had $100 in DM, $200 of DL and $150 of Applied Overhead the customer would be charged?

$450 of your cost plus a profit margin determined by management.
$350
$300
$450
Business   Accounting   
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Homework Answers

Answer #1

Direct materials = $100

Direct labor = $200

Actual overhead = $150

Total cost of the job = Direct materials + Direct labor + Actual overhead

= 100+200+150

= $450

Over the total cost of the job, there must a profit margin. Hence, the customer would be charged $450 of the cost plus a profit margin determined by management.

First option is correct.

Please give a positive rating if you are satisfied with this solution and if you have any query kindly ask.

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