Cost of subcontracted work (comparable to direct materials) $ 231,000
Direct staff costs (comparable to direct labor) $ 75,500
Studio overhead (comparable to manufacturing overhead cost applied) $ 120,800
Cost of work completed (comparable to cost of goods manufactured) $ 388,500

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What Predetermined overhead rate %

What are the following
Job Cost Sheet
Lexington Gardens Project
Costs of subcontracted work $ ?
Direct staff costs ?
Studio overhead ?

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Total cost to January 31 $ ?

Quote:

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Originally Posted by smithjoe1985

Cost of subcontracted work (comparable to direct materials) $ 231,000
Direct staff costs (comparable to direct labor) $ 75,500
Studio overhead (comparable to manufacturing overhead cost applied) $ 120,800
Cost of work completed (comparable to cost of goods manufactured) $ 388,500

--------------------------------------------------------------------------------

What Predetermined overhead rate %

What are the following
Job Cost Sheet
Lexington Gardens Project
Costs of subcontracted work $ ?
Direct staff costs ?
Studio overhead ?

--------------------------------------------------------------------------------

Total cost to January 31 $ ?

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Much of answering this question requires regurgitation but a predetermined overhead rate is not given among the facts so you must disern that overhead applied has been calculated using the rate and that it is probably related to direct labour