Cajun Company uses a job-order costing system. During April 20X6, the following costs appeared in the Work in Process Inventory account: Beginning balance $ 40,000 Direct material used 140,000 Direct labor incurred 120,000 Actual overhead 90,000 Applied overhead 96,000 Cost of goods manufactured 370,000 Cajun Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained $11,200 of overhead. What amount of direct material was included in this job?

Cajun Company uses a job-order costing system. During April 20X6, the following costs appeared in the Work in Process Inventory account: Beginning balance $ 40,000 Direct material used 140,000 Direct labor incurred 120,000 Actual overhead 90,000 Applied overhead 96,000 Cost of goods manufactured 370,000 Cajun Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained $11,200 of overhead. What amount of direct material was included in this job?

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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Domestic
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