Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marion Company uses a job costing system. The WIP inventory on December 31, 2015, consisted of Job No. 175 with a balance of $53,400. Job
Marion Company uses a job costing system. The WIP inventory on December 31, 2015, consisted of Job No. 175 with a balance of $53,400. Job No. 175 has been charged with manufacturing overhead of $16,000. Marion allocates manufacturing overhead at a rate of 80% of direct labor cost. The amount of direct materials charged to Job No. 175 was:
Selected Answer:$24,600.00
Answers:$24,600.00
$20,000
$17,400
$7,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started