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5-34 Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $710. During July, prime costs added to the job totaled $610.

5-34 Job-Order Costing Variables

On July 1, Job 46 had a beginning balance of $710. During July, prime costs added to the job totaled $610. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,500.

Required:

1. What was overhead applied to the job during July?

$

2. What was direct materials for Job 46 for July? Direct labor? If rounding is required, round your answers to the nearest cent.

Direct labor$Direct materials$

3. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? Round your answer to the nearest whole percent.

 %

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Answer 1) Overhead applied to the job during July =... View the full answer

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