Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The ending inventory of finished goods has a total cost of $9,200 and consists of 800 units. If the overhead applied to these goods is

image text in transcribedimage text in transcribedimage text in transcribed

The ending inventory of finished goods has a total cost of $9,200 and consists of 800 units. If the overhead applied to these goods is S3.234, and the overhead rate is 77% of direct labor, how much direct materials cost was incurred in producing these units? Multiple Choice $9.200. $3.978 $1,766 $5,966. $4.200. Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,200 of direct materials and used $4,700 of direct labor. The job was not finished by the end of the month, but needed an additional $3,700 of direct materlals and additional direct labor of $7,200 to finish the job in October. The company applies overhead at the end of each i month at a rate of 150% of the direct labor cost incurred what is the total cost of the job when it is completed in October? Mulsple Choice $18.800 $21700 $36.650 $26,400 $33.300 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $217,200 of raw materials on credit, issued materials to production of $211,000 of which $34,800 were indirect. Minst e incurred a factory payrol of $159.600 o which $44 800 was indirect labor. Minstrel uses a predetermined overhead app cation rate of % of direct oor co t ins e s beginning and ending Work in Process Inventory are $17100 and $30,200 respectively. Compute the cost of product transferred to Finished Goods Inventory Multiple Choice $604,900 $476,800 $446,600. $450,100. $48600 $448,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

c. What groups were least represented? Why do you think this is so?

Answered: 1 week ago