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Job-Order Costing System

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The Supremo Company uses a job-order costing system. the following information was recorder for April:

Cost Added During April
Job Number April Inventory Direct Materials Direct Labor
1...............$1,000..................$300.................$200
2...............$1,400..................$250.................$300
3...............$500....................$1,500...............$150
4...............$750....................$4,000...............$400

The direct labor wage rate is $10 per hour. overhead is applied at the rate of $5 per direct-labor-hour. Jobs 1,2 and 3 have been completed and transfered to finished goods. Job 2 has been delivered to the costumer.

The cost of goods manufactured for April:
a)$10,750
b)$7,625
c)$5,925
d)$11,275

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Solution Summary

The expert examines job-order costing systems.

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COGS manufactured = sum of all costs of completed jobs

Job 1 + ...

Solution provided by:
Gaurav Agarwal, MS
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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