Jocarro Company has a job costing system. The following items appeared in the Work-in-Process account during February of the current year:
Jocarro applies overhead to production on the basis of direct labor hours. Job XX, the only job in process on February 28, has been charged $10,600 materials cost and has 100 labor hours of direct labor time assigned to it.
Required:

Question

Jocarro Company has a job costing system. The following items appeared in the Work-in-Process account during February of the current year:
 Jocarro applies overhead to production on the basis of direct labor hours. Job XX, the only job in process on February 28, has been charged $10,600 materials cost and has 100 labor hours of direct labor time assigned to it.
Required:

Quizplus · Accepted Answer

The Answer of Jocarro Company has a job costing system. The following items appeared in the Work-in-Process account during February of the current year:
 Jocarro applies overhead to production on the basis of direct labor hours. Job XX, the only job in process on February 28, has been charged $10,600 materials cost and has 100 labor hours of direct labor time assigned to it.
Required:

Jocarro Company Has a Job Costing System