Boston Manufacturing Company had the following cost information for May. The labor rate in Department 1 is $10.50 and in Department 2 is $9.50. The overhead rate in Department 1 is based on direct labor-hours, at $4.50 per hour; in Department 2 the rate is 125 percent of direct labor cost. Boston had no beginning work-in-process inventory for May.
Required: Calculate the direct materials, direct labor, factory overhead, and total costs for each job.

Question

Boston Manufacturing Company had the following cost information for May.   The labor rate in Department 1 is $10.50 and in Department 2 is $9.50. The overhead rate in Department 1 is based on direct labor-hours, at $4.50 per hour; in Department 2 the rate is 125 percent of direct labor cost. Boston had no beginning work-in-process inventory for May.
Required: Calculate the direct materials, direct labor, factory overhead, and total costs for each job.

Quizplus · Accepted Answer

The Answer of Boston Manufacturing Company had the following cost information for May.   The labor rate in Department 1 is $10.50 and in Department 2 is $9.50. The overhead rate in Department 1 is based on direct labor-hours, at $4.50 per hour; in Department 2 the rate is 125 percent of direct labor cost. Boston had no beginning work-in-process inventory for May.
Required: Calculate the direct materials, direct labor, factory overhead, and total costs for each job.

Boston Manufacturing Company Had the Following Cost Information for May