29. Trenton worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $40,000 and total manufacturing costs of $50,000. If Trenton applies overhead at 150% of direct labor cost, the direct labor charged to job no. 403 must have been: A. $0. B. $6,000. C. $4,000. D. $3,333. E. $5,000.
29. Trenton worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $40,000 and total manufacturing costs of $50,000. If Trenton applies overhead at 150% of direct labor cost, the direct labor charged to job no. 403 must have been: A. $0. B. $6,000. C. $4,000. D. $3,333. E. $5,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:29. Trenton worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job
no. 403's cost record revealed direct material charges of $40,000 and total manufacturing costs of $50,000. If
Trenton applies overhead at 150% of direct labor cost, the direct labor charged to job no. 403 must have been:
A. $0.
B. $6,000.
C. $4,000.
D. $3,333.
E. $5,000.
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