Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Time left 0:39:02 Kelly Sportswear manufactures a specialty line of T-shirts. The company uses a joborder costing system. During March, the following costs were incurred

Time left 0:39:02\ Kelly Sportswear manufactures a specialty line of T-shirts. The company uses a joborder costing system. During March, the following costs were incurred on Job 1052:\ Direct materials:

$12,700

\ Direct labour:

$3,700

\ Manufacturing overhead was applied at the rate of

$21

per machine hour, and Job 1052 required 900 machine hours. In addition, selling and shipping costs of

$6,000

were incurred. Job 1052 consisted of 5,000 shirts and was completed on March 24. The total cost of job 1052 transferred from Work in Process to Finished Goods on March 24 is:\ a.

$121,400

\ b.

$35,300

\ c.

$16,400

\ d.

$30,035
image text in transcribed
Kelly Sportswear manufactures a specialty line of T-shirts. The company uses a joborder costing system. During March, the following costs were incurred on Job 1052: Direct materials: $12,700 Direct labour: $3,700 Manufacturing overhead was applied at the rate of $21 per machine hour, and Job 1052 required 900 machine hours. In addition, selling and shipping costs of $6,000 were incurred. Job 1052 consisted of 5,000 shirts and was cempleted on March 24. The total cost of job 1052 transferred from Work in Process to Finished Goods on March 24 is: a. $121,400 b. $35,300 c. $16,400 d. $30,035

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

Recommended Textbook for

Implementing And Auditing The Internal Control System

Authors: D. Chorafas

1st Edition

0333929365, 9780333929360

More Books

Students also viewed these Accounting questions

Question

What factors affect occupational accidents?

Answered: 1 week ago