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    Actual Cost and Normal Cost Methods

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    Information Provided
    Actual Direct Materials $5,000.00
    Actual Direct Labor $9,000.00

    Actual Variable Overhead Costs $20,000
    Actual Fixed Overhead Costs $26,000

    Variable Direct Labor Predetermined Measure 200%
    Fixed Direct Labor Predetermined Measure 300%

    Calculate actual costs of the job.
    Calculate normal costs of the job using predetermined overhead rates.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:49 pm ad1c9bdddf
    https://brainmass.com/business/accounting/actual-cost-normal-cost-methods-269271

    Solution Preview

    In actual costing we take the actual costs of the job. The actual costs are
    Actual Direct Materials $5,000
    Actual Direct Labor $9,000
    Actual Variable Overhead Costs $20,000
    Actual ...

    Solution Summary

    The solution explains how to calculate the actual costs and normal costs of a job.

    $2.19