apanga Manufacturing Corporation uses a job-order costing system and started the oods inventory accounts. During October, Kapanga worked on three jobs and incu Job B18 $ 12,000 Job B19 $ 25,000 Job C11 $ 18,000 Direct materials Direct labor $ 8,000 $ 10,000 $ 5,000 apanga applies manufacturing overhead at a rate of 150% of direct labor cost. Duri

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished
goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:
Direct materials
Direct labor
Multiple Choice
$55,000
Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19.
How much is Kapanga's cost of goods manufactured for October?
$82,000
$78,000
Job B18
$ 12,000
$ 8,000
$50,000
Job B19
$ 25,000
$ 10,000
Job C11
$ 18,000
$ 5,000
Transcribed Image Text:Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs: Direct materials Direct labor Multiple Choice $55,000 Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19. How much is Kapanga's cost of goods manufactured for October? $82,000 $78,000 Job B18 $ 12,000 $ 8,000 $50,000 Job B19 $ 25,000 $ 10,000 Job C11 $ 18,000 $ 5,000
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