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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

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