(Solved by Humans)-Zarabi Company builds internal conveyor equipment to client specifications. The October 1 balance...

Question

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?