Brillant Design Company makes custom chairs for individual customers.On October 1, there was one job in process, Job 243, with a cost of $1,300.Jobs 244, 245, and 246 were started during the month of October.Data on costs added during the month are as follows:

Overhead is applied to production at the rate of 70% of direct labor cost.Job 245 was completed on October 14 and the client was billed at cost plus 55%.All other jobs remained in process.

What is the price of Job 245?
A) $20,204.20
B) $10,627.70
C) $22,310.50
D) $18,761.20
E) $14,399.50

Question

Brillant Design Company makes custom chairs for individual customers.On October 1, there was one job in process, Job 243, with a cost of $1,300.Jobs 244, 245, and 246 were started during the month of October.Data on costs added during the month are as follows: ​
​
 Overhead is applied to production at the rate of 70% of direct labor cost.Job 245 was completed on October 14 and the client was billed at cost plus 55%.All other jobs remained in process.
​
What is the price of Job 245?
A) $20,204.20 
B) $10,627.70 
C) $22,310.50 
D) $18,761.20 
E) $14,399.50

Quizplus · Accepted Answer

11ea8a4c_48f5_b09c_a0e6_79e06762255b_TB5550_00

Brillant Design Company Makes Custom Chairs for Individual Customers