Business, 20.02.2020 23:09 PersonPerson13260

Peterson Heating & Cooling installs and services commercial heating and cooling systems. Peterson uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Peterson estimated that its overhead for the coming year would be $63,750. It also anticipated using 4,250 direct labor hours for the year. In October, Peterson started and completed the following two jobs:

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