Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20. Job G34 was unfinished at the end of the accounting period. The total cost assigned to the job is $48,000 of which $12,000 is

image text in transcribed
20. Job G34 was unfinished at the end of the accounting period. The total cost assigned to the job is $48,000 of which $12,000 is direct material. Factory overhead is allocated to goods in process at l 25% ofdirect labor cost. what was the amount of direct labor charged to Job G34. A. $12,000 B 16,000 C. 36,000 D. Cannot be determined from information given E. Can be determined but is not shown above 21. The beginning goods in process were 7,000 units, which were 40% complete as to labor and overhead. During the accounting period, 24,000 units were started. 1000 units remain in process and are 60% completed. What is the number of units completed and transferred to finished goods during the accounting period? A. 31,000 units C. 29,000 D. 23,000 E. 18,000 22. Ajax Company accumulated the following account information for the year: Beginning raw matenals inventory 2,000 5,000 800 Indirect matenials cost. Indrect labor cost.... Mantenance of factory equpment Direct labor cost. Using the above information, total factory overhead costs would be: A $ 9.800 B. $16,800. C. $15,800. D. $13,000. E. S 7,800. 23. The three major cost components of manufacturing a product are A. Direct materials, direct labor, and factory overhead. B. Period costs, product costs, and conversion costs. C. Indirect labor, indirect materials, and fixed expenses. D. Variable costs, fixed costs, and period costs. E. Overhead costs, fixed costs, and direct costs

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

More Books

Students also viewed these Accounting questions