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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $211,200 of raw materials on credit; issued materials to production of $206,000
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $211,200 of raw materials on credit; issued materials to production of $206,000 of which $33,300 were indirect. Minstrel incurred a factory payroll of $156,600, of which $43,300 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost Minstrel's beginning and ending work in Process Inventory are $16,600 and $29200 respectively. Compute the cost of product transferred to Finished Goods Inventory Multiple Choice $590,400 $465,300. $436,100 $443,350 $438,100. The ending inventory of finished goods has a total cost of $9,000 and consists of 600 units. If the overhead applied to these goods is $3,000, and the overhead rate is 75% of direct labor, how much direct materials cost was incurred in producing these units? Multiple Choice $3,750 $2,000 $4,000 $6,000 $9,000 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit, issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the factory payroll is: Multiple Choice Debit Work in Process Inventory $150,000; debit Factory Overhead $40,000; credit Factory Wages Payable $190,000 Debit Work in Process Inventory $150,000; credit Cash $150,000 Debit Work in Process Inventory $110,000; debit Factory Overhead $40,000; credit Factory Wages Payable $150,000 Debit Work in Process Inventory $150,000; credit Factory Overhead $40,000; credit Factory Wages Payable $110,000. Debit Work in Process Inventory $110,000; credit Factory Overhead $40,000; credit Factory Wages Payable $150,000
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