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PLEASE EXPLAIN THE SOLUTION 50. Serenje Manufacturing Company produces nameplates and uses a job-order cost system. The following amounts relate to nameplate production for the

PLEASE EXPLAIN THE SOLUTION

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50. Serenje Manufacturing Company produces nameplates and uses a job-order cost system. The following amounts relate to nameplate production for the month of June: Work in process inventory, June 1 Cost of materials directly assigned to production during June..... Cost of labor directly assigned to production during June.... $620 $1,800 $1,200 $4,300 Serenje applies overhead at a predetermined overhead rate of 60% of direct material cost. At the end of June, only one job was in Work in Process inventory. This job had been charged with S150 of direct material cost. What is the direct labor cost assigned to this job? A) $100 B) $160 C) $225 D) S530 Answer: B Level: Hard LO: 5,7

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