Oman Marble Company has two processing departments, Cutting and Polishing. The company uses a multiple predetermined overhead rate in each processing department under job-order costing system. The...


Oman Marble Company has two processing departments, Cutting and Polishing. The company uses a<br>multiple predetermined overhead rate in each processing department under job-order costing<br>system. The Cutting Department's predetermined overhead rate is based on machine-hours and the<br>Polishing Department's predetermined overhead rate is based on direct labor cost. At the beginning<br>of the current period, the company records show the following estimated information:<br>Cutting<br>Polishing<br>Direct Labor cost per hour<br>%24<br>20<br>70<br>Direct labor-hours<br>5,000<br>10,000<br>Machine-hours<br>20,000<br>5,000<br>Total fixed manufacturing overhead cost<br>$ 100,000<br>$ 60,000<br>Variable manufacturing overhead per machine-hour<br>Variable manufacturing overhead per direct labor-hour<br>24<br>During the current period the company started and finished a job order number 3122. The job cost<br>sheet shows the following data for this job:<br>Job3122:<br>Cutting<br>Polishing<br>Machine-hours<br>90<br>20<br>Direct labor-hours<br>30<br>60<br>Direct materials<br>500<br>24<br>250<br>Direct labor cost<br>%24<br>450<br>$ 4,000<br>The total job cost for Job3122 is closest to:<br>%24<br>

Extracted text: Oman Marble Company has two processing departments, Cutting and Polishing. The company uses a multiple predetermined overhead rate in each processing department under job-order costing system. The Cutting Department's predetermined overhead rate is based on machine-hours and the Polishing Department's predetermined overhead rate is based on direct labor cost. At the beginning of the current period, the company records show the following estimated information: Cutting Polishing Direct Labor cost per hour %24 20 70 Direct labor-hours 5,000 10,000 Machine-hours 20,000 5,000 Total fixed manufacturing overhead cost $ 100,000 $ 60,000 Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 24 During the current period the company started and finished a job order number 3122. The job cost sheet shows the following data for this job: Job3122: Cutting Polishing Machine-hours 90 20 Direct labor-hours 30 60 Direct materials 500 24 250 Direct labor cost %24 450 $ 4,000 The total job cost for Job3122 is closest to: %24
Job3122:<br>Cutting<br>Polishing<br>Machine-hours<br>90<br>20<br>Direct labor-hours<br>30<br>60<br>Direct materials<br>$500<br>250<br>Direct labor cost<br>$ 450<br>4,000<br>The total job cost for Job3122 is closest to:<br>O a. None of the given answer<br>O b. $ 6,700<br>O c. $ 6,900<br>O d. $ 5,200<br>%24<br>

Extracted text: Job3122: Cutting Polishing Machine-hours 90 20 Direct labor-hours 30 60 Direct materials $500 250 Direct labor cost $ 450 4,000 The total job cost for Job3122 is closest to: O a. None of the given answer O b. $ 6,700 O c. $ 6,900 O d. $ 5,200 %24

Jun 11, 2022
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