EXAMEN #2 Help Save & Exit Submit 14 Dacosta Corporation had only one job in process on May 1 The job had been charged with $2,100 of direct materials, $6.966 of direct labor and $10,020 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.00 per direct labor-hour During May, the following activity was recorded 8 $ 8,800 $38,300 $39,600 Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, May 30 Work in process, May 30 2.200 $24.510 $33.0 $17,015 Work in process inventory on May 30 contains $3.95 of direct labor cost Raw materials conut solely of tems that are closed as direct material