A company had only one job in process on September 1. The job had been charged with $2,800 of direct materials, $6,900 $10,000 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.00 per direct labor-hour. During September, the following activity was recorded: Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, September 30 Work in process, September 30 $ 8,500 $38,000 $39,300 The cost of goods manufactured for September was: 1,900 $24,510 $33,300 ? $16,900 Work in process inventory on September 30 contains $4,000 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.

A company had only one job in process on September 1. The job had been charged with $2,800 of direct materials, $6,900 $10,000 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.00 per direct labor-hour. During September, the following activity was recorded: Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, September 30 Work in process, September 30 $ 8,500 $38,000 $39,300 The cost of goods manufactured for September was: 1,900 $24,510 $33,300 ? $16,900 Work in process inventory on September 30 contains $4,000 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.

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Description: xam #1- OnlineA company had only one job in process on September 1. The job had been charged with $2,800 of direct materials, $6,900 of direct labor, and$10,000 of manufacturing overhead cost. The company assigns overhead cost to jobs using the pred

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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