Should any overhead costs be added to job q at the end of, Ask an Expert

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Winston Company applies overhead cost to jobs on the basis of direct labor cost. Job X, which was started and completed during the current period, shows charges of $18,000 for direct materials, $10,000 for direct labor, and $15,000 for overhead on its job cost sheet. Job Q which is still in process at year-end, shows charges of $20,000 for direct materials, and $8,000 for direct labor. Should any overhead costs be added to Job Q at the end of the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407350

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