Question

In December 2016, Shire Computer’s management establishes the 2017 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $600,000 of overhead costs and $500,000 of direct labor cost in year 2017. During March 2017, Shire began and completed Job 13-56.

1. Using the information on the following job cost sheet, determine the total cost of the job.

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• Required 1

Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.)

	JOB COST SHEET: Job No. 13-56
	Direct Materials		Direct Labor		Overhead	Total Cost
Date	Requisition No.	Amount	Time-Ticket No.	Amount	Costs Applied
Mar. 8	4-129	$4,000	T-306	$640	$3,360
Mar. 11	4-142	6,600	T-432	1,270
Mar. 18	4-167	3,650	T-456	1,330

Answer 1

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