Solved

Peale Company

Question 140

Multiple Choice

Peale Company. Peale Company uses a job-order costing system and the following information is available from its records.The company has three jobs in process: #8,#12,and #15.
Peale Company. Peale Company uses a job-order costing system and the following information is available from its records.The company has three jobs in process: #8,#12,and #15.   Direct material was requisitioned as follows for each job respectively: 25 percent,30 percent,and 30 percent; the balance of the requisitions was considered indirect.Direct labor hours per job are 2,800; 3,300; and 4,000; respectively.Indirect labor is $45,000.Other actual overhead costs totaled $50,000. Refer to Peale Company.What is the total amount of actual overhead? A) $ 45,000 B) $ 95,000 C) $114,500 D) $119,938 Direct material was requisitioned as follows for each job respectively: 25 percent,30 percent,and 30 percent; the balance of the requisitions was considered indirect.Direct labor hours per job are 2,800; 3,300; and 4,000; respectively.Indirect labor is $45,000.Other actual overhead costs totaled $50,000.
Refer to Peale Company.What is the total amount of actual overhead?


A) $ 45,000
B) $ 95,000
C) $114,500
D) $119,938

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents