Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $53,800 $36,000 $79,400 Direct Labor Cost $43,800 $40,500 $56,000 Labor Hours 3,250 3,600 4,050 The company applies overhead at a rate of $20.00 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $406,400. The allocated overhead for the month was $141,200, of which $126,100 should be credited to accounts payable and $39,200 should be credited to Accumulated Depreciation. 1. Determine the costs that should be assigned to each of the jobs.

Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $53,800 $36,000 $79,400 Direct Labor Cost $43,800 $40,500 $56,000 Labor Hours 3,250 3,600 4,050 The company applies overhead at a rate of $20.00 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $406,400. The allocated overhead for the month was $141,200, of which $126,100 should be credited to accounts payable and $39,200 should be credited to Accumulated Depreciation. 1. Determine the costs that should be assigned to each of the jobs.

Name: Kapoor Catering Co. uses a job cost system. Its activities in November
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Description: Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows:InformationState UniversityOn-the-Go HomePrecious Pre-schoolDirect Materials Cost (food)$53,800$36,000$79,400Direct Labor Cost$

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 10SPB

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Information	State University	On-the-Go Home	Precious Pre-school
Direct Materials Cost (food)	$53,800	$36,000	$79,400
Direct Labor Cost	$43,800	$40,500	$56,000
Labor Hours	3,250	3,600	4,050

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