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Unformatted text preview: incurred on account. Depreciation of factory equipment for the month was $5,400. Factory overhead was applied to jobs at the rate of $3.50 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $2,100. Factory overhead is closed out only at the end of the year. If Job 406 was sold on account for $41,500 how much gross profit would be recognized for the job? Answer Selected Answer: $5,900 Correct Answer: $5,900 Response Feedback: Question 2 0 out of 0 points Reference the data in #1, the end of the month Work-in-Process Inventory balance would be: Answer Selected Answer: $24,850. Correct Answer: $24,850. Response Feedback:...
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This note was uploaded on 11/11/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.
- Spring '11