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Carlon, Inc. uses a job-order costing system and applies overhead based on direct labor dollars. Job...

Carlon, Inc. uses a job-order costing system and applies overhead based on direct labor dollars. Job 316 was started in July and incurred the following costs in July: Direct materials $950 Direct labor $1,050 Applied overhead $1,260 The job was completed in August with an additional $2,100 in direct material cost and $1,400 in additional direct labor cost. What was the total cost of Job 316 at the end of August?

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Answer #1
total cost of job
july
direct materials 950
direct labor 1,050
overhead applied 1,260
august
direct materials 2,100
direct labor 1,400
overhead applied 1,680
total cost of job 316 8,440.00 Answer
overhead rate = 1,260/1050
120%
overhead applied for August = 1400*120%
1680
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