San Diego State University Operations And Supply Chain Management Assignment Help - Work

Question - Problem 5-16 Applying Overhead in a Service Company [LO2, LO3, LO4] Leeds Architectural
Consultants uses a job-order costing system and applies studio overhead to jobs on the basis of
direct staff costs. Because Leeds Architectural Consultants is a service firm, the names of the
accounts it uses are different from the names used in manufacturing companies. The following costs
were recorded in January Cost of subcontracted work (comparable to direct materials) $ 231,700
Direct staff costs (comparable to direct labor) $ 76,600 Studio overhead (comparable to
manufacturing overhead cost applied) $ 132,518 Cost of work completed (comparable to cost of
goods manufactured) $ 388,100 There were no beginning inventories in January. At the end ...Read More of
January, only one job was still in process. This job (Lexington Gardens Project) had been charged
with $6,620 in direct staff costs 1Compute the predetermined overhead rate that was used during
January 2Complete the following job cost sheet for the partially completed Lexington Gardens Project.
(Hint: Cost of goods manufactured equals beginning work in process inventory plus manufacturing
costs incurred less ending work in process inventory.) (Round your answers to the nearest whole
number. Omit the "$" sign in your response.) ...Read Less

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