Chico’s Clockworks uses job order costing for its custom clock-making business. Job GF1260 is a custom-made grandfather clock. Chico’s job cost sheet for Job GF1260 shows a total cost of $4,265, including direct labor of 50 hours at $20 per hour. Overhead is applied at 100% of direct labor cost. What is the direct materials cost for Job GF1260? A : $3,455 B : $1,000 C : $2,265 D : $2,895

Option C,$2,265 , is correct

Explanation:

Labor cost =direct labor hours*rate per hour

direct labor hours is 50 hours

direct labor cost per hour is $20

labor cost=50*$20=$1,000

Overhead was applied as 100% of direct labor cost

overhead=100%*$1000=$1000

Total cost of job=direct material cost+direct labor+overhead

direct material cost=total cost-direct labor-overhead

direct material cost=$4,265-$1000-$1000=$2,265

The correct option is C,$2,265

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forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.