(SOLVED)- Luvable Bears Ltd incurred the following costs to produce job


Question Description:

$20

Luvable Bears Ltd incurred the following costs to produce job number TB7B, which consisted of 1000 cuddly teddy bears that could walk, talk and play cards:
Manufacturing overhead:
Applied on the basis of direct labour hours @ $12 per hour.
Required:
1. Prepare a job cost sheet and record the information given above. (Use Exhibit 4.10 as a guide.)
2. How might the managers at Luvable Bears use this information?

Answer

$20