Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 2 Aug. 1 Selected accounts with some amounts omitted are as follows: Work in Process Balance 274,150 Aug 31 Goods Finished 31 Direct materials

1
image text in transcribed
2
image text in transcribed
Aug. 1 Selected accounts with some amounts omitted are as follows: Work in Process Balance 274,150 Aug 31 Goods Finished 31 Direct materials X 31 Direct labor 33.600 31 Factory overhead 154,540 Aug 1 - 31 Costs incurred Factory Overhead 92,530 Aug. 1 Balance 31 Applied (30% of direct labor cost) 13,210 X If the balance of Work in Process on August 31 is $215,050, what was the amount debited to Work in Process for direct materials in August? O a. $92,700 Ob $363.260 Oc. $522.000 Od: $51.760 Selected accounts with some amounts omitted are as follow Work in Process Aug 1 Balance 265.000 Aug 31 Goods finished 31 Direct materials 31 Direct labor 44.400 31 Factory overhead 152,000 Aug 131 Costs incurred Factory Overhead 93,000 Aug 1 Balance 31 Applied 14.000 Ir the balance of Work in Process on August Jt is $197,300, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 10% n of direct labor costs Oa 120 O, O 1112000 Od 514.00 Previous Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Management Accounting

Authors: Maurice L. Hirsch Jnr.

2nd Edition

1861526768, 978-1861526762

More Books

Students also viewed these Accounting questions

Question

=+b) What is the maximax choice? Section 23.4

Answered: 1 week ago