Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $52,900 $37,700 $80,400 Direct Labor Cost $44,300 $42,500 $54,600 Labor Hours 3,320 3,670 3,930 The company applies overhead at a rate of $17.50 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $407,400. The allocated overhead for the month was $157,100, of which $123,000 should be credited to accounts payable and $39,800 should be credited to Accumulated Depreciation.

Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $52,900 $37,700 $80,400 Direct Labor Cost $44,300 $42,500 $54,600 Labor Hours 3,320 3,670 3,930 The company applies overhead at a rate of $17.50 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $407,400. The allocated overhead for the month was $157,100, of which $123,000 should be credited to accounts payable and $39,800 should be credited to Accumulated Depreciation.

Name: Kapoor Catering Co. uses a job cost system. Its activities in November
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Description: Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows:InformationState UniversityOn-the-Go HomePrecious Pre-schoolDirect Materials Cost (food)$52,900$37,700$80,400Direct Labor Cost$

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 16MC: In a job order cost system, indirect labor incurred is debited to which account? A. work in process...

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Information	State University	On-the-Go Home	Precious Pre-school
Direct Materials Cost (food)	$52,900	$37,700	$80,400
Direct Labor Cost	$44,300	$42,500	$54,600
Labor Hours	3,320	3,670	3,930

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