Hodges Company uses a job-order costing system and has the following information for the first week of June: 1.$$\text { Direct labor and materials used }$$

Job No. Direct Material Direct Labor Hours

498 $1,500 116

506 960 16

507 415 18

508 345 42

509 652 24

5011 308 10

512 835 30

Total $5,015 256

2.$\text { The directlabor wage rate is } \$ 4 \text { per hour }$ 3. $\text { The overhead rate is } \$ 5 \text { per direct labor hour }$ 4.$\text { Actual overthead costs for the week } \$ 1.480$ 5. $\text { Jobs completed: Nos. } 498,506 \text {, and } 509$ 6. $\text { The factory had no wotk in process at the begining of the week }$ Required: a. $\text { Prepare a summary that } \text {will show the total cost assigne do each job }$ b.$\text { Compute the anount of overhe ad over- of underapplied duming the week }$ c. Calculate the cost of the work in process at the end of the week

Question

Hodges Company uses a job-order costing system and has the following information for the first week of June: 1.$$\text { Direct labor and materials used }$$

Job No.	Direct Material	Direct Labor Hours
498	$1,500	116
506	960	16
507	415	18
508	345	42
509	652	24
5011	308	10
512	835	30
Total	$5,015	256

2.$\text { The directlabor wage rate is } \$ 4 \text { per hour }$ 3. $\text { The overhead rate is } \$ 5 \text { per direct labor hour }$ 4.$\text { Actual overthead costs for the week } \$ 1.480$ 5. $\text { Jobs completed: Nos. } 498,506 \text {, and } 509$ 6. $\text { The factory had no wotk in process at the begining of the week }$ Required: a. $\text { Prepare a summary that } \text {will show the total cost assigne do each job }$ b.$\text { Compute the anount of overhe ad over- of underapplied duming the week }$ c. Calculate the cost of the work in process at the end of the week

Quizplus · Accepted Answer

The Answer of Hodges Company uses a job-order costing system and has the following information for the first week of June: 1.$$\text { Direct labor and materials used }$$

Job No.	Direct Material	Direct Labor Hours
498	$1,500	116
506	960	16
507	415	18
508	345	42
509	652	24
5011	308	10
512	835	30
Total	$5,015	256

2.$\text { The directlabor wage rate is } \$ 4 \text { per hour }$ 3. $\text { The overhead rate is } \$ 5 \text { per direct labor hour }$ 4.$\text { Actual overthead costs for the week } \$ 1.480$ 5. $\text { Jobs completed: Nos. } 498,506 \text {, and } 509$ 6. $\text { The factory had no wotk in process at the begining of the week }$ Required: a. $\text { Prepare a summary that } \text {will show the total cost assigne do each job }$ b.$\text { Compute the anount of overhe ad over- of underapplied duming the week }$ c. Calculate the cost of the work in process at the end of the week

Hodges Company Uses a Job-Order Costing System and Has the Following