In-process research and development acquired in a business combination is Select one: A. recorded as an indefinite-lived intangible asset, and annually tested for impairment. B. credited to the Equity Investment account. C. expensed, consistent with the accounting treatment of a firm's own R & D expenditures. D. recorded as indefinite-lived intangible assets, subject to amortization.

Results are below.

Explanation:

Giving the following information:

Estimated overhead rate= 114% of direct labor cost.

Job 313:

Direct materials= $26,530

Direct labor=  10,500

Number of units= 1,400

First, we need to allocate overhead to Job 313:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10,500*1.14= $11,970

Now, the total cost:

Total cost= 26,530 + 10,500 + 11,970

Total cost= $49,000

Finally, the unitary cost:

Unitary cost= 49,000 / 1,400

Unitary cost= $35