A company has identified the following overhead costs and cost drivers for the coming year: (CIA adapted) Budgeted direct labor cost was $100,000 and budgeted direct material cost was $280,000.The following information was collected on three jobs that were completed during the year: If the company uses activity-based costing (ABC),how much overhead cost should be assigned to Job 101?
A)$1,300.
B)$2,000.
C)$5,000.
D)$5,600.

Question

A company has identified the following overhead costs and cost drivers for the coming year: (CIA adapted)  Budgeted direct labor cost was $100,000 and budgeted direct material cost was $280,000.The following information was collected on three jobs that were completed during the year:  If the company uses activity-based costing (ABC),how much overhead cost should be assigned to Job 101?
A)$1,300. 
B)$2,000. 
C)$5,000. 
D)$5,600.

Quizplus · Accepted Answer

The Answer of A company has identified the following overhead costs and cost drivers for the coming year: (CIA adapted)  Budgeted direct labor cost was $100,000 and budgeted direct material cost was $280,000.The following information was collected on three jobs that were completed during the year:  If the company uses activity-based costing (ABC),how much overhead cost should be assigned to Job 101?
A)$1,300. 
B)$2,000. 
C)$5,000. 
D)$5,600.

A Company Has Identified the Following Overhead Costs and Cost