Munch Printing Inc. began printing operations on July 1. Jobs 10 and 11 were com

Question

Munch Printing Inc. began printing operations on July 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 12 and 13 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and $14,500 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:

Job 10
Direct Materials $12,400
Direct Labor $4,750
Factory Overhead: $3,800
Total: $20,950

Job 11
Direct Materials:5,800
Direct Labor: 2,450
Factory Overhead: 1,960
Total: 10,210

Job 12:
Direct Materials: 17,400
Direct Labor: 5,250
Factory Overhead:

Job 13:
Direct Materials: 3,500
Direct Labor: 700
Factory Overhead:

Determine each of the following for July:

c. Factory overhead applied (a single overhead rate is used based on direct labor cost).
$

Explanation / Answer

For Job 10: Factory Overhead $3,800/Direct Labor $4,750 = 0.80 per direct labor dollar Rate is $0.80 per direct labor dollar Total direct labor cost = $13,150 Applied = 13,150*0.80 = 10,520 answer: $10,520

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