Plz if you can provide working notes or at least some explanation of the work wo

Question

Plz if you can provide working notes or at least some explanation of the work would be great. someone else answered this before and I can't really understand. as it only has answer and no explanations. I want to understand as well as to what is happening in the answers. thank you.

4. The Huyden Company builds equipment to customer's specifications. On March 1, two jobs were in process with the following costs and information: Job 44 $10,200 $34,400 10,400 4,950 7.370 $36.150 $52,170 Job 43 Direct materials Direct labor Applied overhead* 21,000 Total cost Machine hours *Applied on the basis of machine hours 45 67 During March, Job 45 was started and Job 44 was completed and delivered to the customer. Job 43 was missing a part that was backordered and would be completed in June. The following costs were incurred in March:

Explanation / Answer

Req a: OH rate: OH applied in Job 43 4,950 Divide: MH used 45 OH rate per MH 110 Req b; Job Cost Sheet Job 43 Job 44 Jojb 45 Beginning cost balance 36150 52170 Add: Current cost Direct material 2300 4500 12700 Direct labour 2400 3300 4500 OH applied @ 110 per MH 2310 1210 2530 Total Job cost 43160 61180 19730 Status WIP Sold FG Req c: Balance in WIP Mar31: $ 43160 (Job 43) Balance in Finished Goods: $ 19730 (Job 45) Req d: Cost of Job 44: 61180 Add: Markup @ 40% 24472 Price of Job 44 $85,652

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