document.write( "Question 760708: Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any underapplied or overapplied manufacturing overhead is closed to Cost of Goods Sold at the end of each month. Additional information is available as follows:\r \n" );
document.write( "\n" );
document.write( "° Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month:\r \n" );
document.write( "\n" );
document.write( " \r \n" );
document.write( "\n" );
document.write( "° Jobs 102, 103, and 104 were started during February. \n" );
document.write( "° Direct materials requisitions for February totaled $26,000. \n" );
document.write( "° Direct labor cost of $20,000 was incurred for February. \n" );
document.write( "° Actual manufacturing overhead was $32,000 for February. \n" );
document.write( "° The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor. \n" );
document.write( "The cost of goods manufactured for February was: (Points : 2) \n" );
document.write( " $77,700 \n" );
document.write( " $78,000 \n" );
document.write( " $79,700 \n" );
document.write( " $85,000 \n" );
document.write( "
![\"\"](\"/images/stars/iconNewId_16x16.gif\")
