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1.The Taylor Company uses a job order cost system to assign costs to customers. The Work in Process account below is for the month of
1.The Taylor Company uses a job order cost system to assign costs to customers. The Work in Process account below is for the month of November Work in Process 63,000 Beg. Bal. Direct Materials 36,000 Direct Labor 190,000 Mfg. Overhead 76,000 290,000 Ending Bal. 75,000 Taylor applies overhead to customers on a basis of direct labor cost. The S75,000 ending balance applies to only one customer, Joe. Joe has already been allocated $17,500 of manufacturing overhead. How much direct materials cost has been used on Joe's order? A.$12,000 B. $13,750 C. $24,500 D. $43,750 2. Given Materials Inventory Work-in-Process Inventory Factory Overhead a. 25,000b. 20,000 b. 15,000 b. 5,000 Based on the above information, the cost of direct materials used is A.S5,000 B. S15,000 C. $20,000 D. S25,000
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