Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unanswered Question 3 0 / 1 pts The Piglet Company allocates MOH based on Direct Materials used. Piglet expected to have $250,000 of MOH and

image text in transcribedimage text in transcribed

Unanswered Question 3 0 / 1 pts The Piglet Company allocates MOH based on Direct Materials used. Piglet expected to have $250,000 of MOH and $100,000 of DM used and $200,000 of DL costs. During the year, Piglet actually had $230,000 of MOH, $95,000 of DM Used and $195,000 of DL costs. If Piglet had Beginning WIP inventory of $30,000 and Ending WIP Inventory of $25,000, what was Cost of Goods Manufacturing? Incorrect Question 4 0 / 1 pts Christopher Company uses a job order costing system that applies MOH at a rate of 75% of Direct Labor Costs. At the start of the year, Job 77 had $5,000 in beginning costs (it was in beginning work in process). During the year, materials requisitions show $10,000, and direct labor costs were $20,000; it was completed with these costs. What was the total cost of Job 77? 2,625

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

More Books

Students also viewed these Accounting questions

Question

4-56. Our computers are serviced by the Santee Company.

Answered: 1 week ago