At The Beginning Of The Accounting Period The Accountant For Pronghorn Industrie

At the beginning of the accounting period, the accountant for Pronghorn Industries estimated that total overhead would be $79,980. Overhead is allocated to jobs on the basis of direct labour cost. Direct labour was budgeted to cost $186,000 this period. During the period, only three jobs were worked on. The following summarizes the direct materials and labour costs for each:

  Job #  1231 1232 1233Direct materials $44,600 $69,200 $31,500Direct labour  74,500  82,400  54,200

Job 1231 was finished and sold, job 1232 was finished but is waiting to be sold, and job 1233 is still in process. Actual overhead for the period was $88,673.

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