Zarabi Company builds internal conveyor equipment to client specifications. The October 1 balance of

Zarabi Company builds internal conveyor equipment to client specifications. The October 1 balance of Job #265 was $30,330; the October balance of Job #266 was

$62,170.

During October, Jobs #267 and #268 were started. Data on October costs for all jobs are as follows:

 

 

 

 

 

                                            Job #265      Job #266       Job #267       Job #268  

 

DM

$13,000

$ 7,000

$3,500

$4,750

DL

15,000

12,000

1,900

7,000

Job #265 was completed on October 28, and the client was billed at cost plus 30 percent. All other jobs remained in process. Overhead is applied at the rate of 75% of direct labor cost.

  Required

1.    Calculate the overhead applied to each job during the month of October.

2.    Prepare job-order cost sheets for each job as of the end of October.

3.    Calculate the balance in Work in Process on October 31.

4.    What is the price of Job #265?

 

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