Author Question: Proportion of manufacturing overhead with respect to the total cost of the job is ________. Beta ... (Read 60 times)

jrubin · **on:** Jul 5, 2018

Proportion of manufacturing overhead with respect to the total cost of the job is ________.

Beta Corporation uses a job cost system and has two production departments, A and B. Budgeted manufacturing costs for the year are:

Department A Department B
Direct materials 800,000 200,000
Direct manufacturing labor 200,000 900,000
Manufacturing overhead 500,000 450,000

The actual material and labor costs charged to Job 432 were as follows:

Total
Direct materials: 25,000
Direct labor:
Department A 10,000
Department B 12,000
22,000

Beta applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year.

A) 39.74
B) 38.62
C) 26.62
D) 42

Question 2

The process of recording a transaction in the journal is called journalizing.
a. True
b. False

Indicate whether the statement is true or false