Question
The Bus Company uses a job-order costing system. The following information was recorded for September: Added During September Job Number September 1 Inventory Direct Materials
The Bus Company uses a job-order costing system. The following information was recorded for September:
|
|
| Added During September | |
| Job Number | September 1 Inventory | Direct Materials | Direct Labour |
| 1 | $1,000 | $300 | $200 |
| 2 | 1,400 | 250 | 300 |
| 3 | 500 | 1,500 | 150 |
| 4 | 750 | 4,000 | 400 |
The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour-hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer. The Cost of Goods Manufactured for September is:
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
