(Solved) Stone Cliff Company manufactures custom-order furniture. During 2020, actual manufacturing overhead ...

Stone Cliff Company manufactures custom-order furniture. During 2020, actual manufacturing overhead totaled $720,000. Based on the 2020 results, and projected production for 2021, management prepared the 2021 budget and estimated that manufacturing overhead would total $800,000. The estimated number of direct labor hours for 2021 is 50,000, and the estimated amount of direct labor cost is $1,000,000. The company plans to use direct labor hours as the basis to allocate overhead to jobs. During May and June 2021, employees worked on the following four jobs:

Monthly data	Job X43	Job X87	Job Z22	Job A33
May
Direct materials	$86,000	$72,000	$44,000	$38,000
Direct labor cost	$101,000	$91,000	$78,000	$52,000
Direct labor hours	5,050	4,550	3,900	2,600
June
Direct materials	$24,000	$41,000	$35,000	$24,000
Direct labor cost	$28,000	$52,000	$62,000	$32,800
Direct labor hours	1,400	2,600	3,100	1,640

Job X87 was started in May and delivered to the customer in late June. What is the cost of Job X87?

▸ $266,296

▸ $370,400

▸ $263,150

▸ $256,000

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Stone Cliff Company manufactures custom-order furniture. During 2020, actual manufacturing overhead ...

Managerial Accounting

Related Topics