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terials used or used $40,000 $50,000

terials used or used $40,000 $50,000

FINANCIAL ACCOUNTING
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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Vishnu

Acme Company applies manufacturing overhead to jobs using an overhead rate based on direct labor costs. Here are data for the month of May: Work in process inventory, beginning Direct materials used Direct labor used Manufacturing overhead applied Cost of goods manufactured On May 31, the only job in process is Job 12, which has been charged with $9,600 of manufacturing overhead costs. What amount of direct materials costs has been charged to Job 12? O $33,400 O $20,600 $26,700 $26,000 $40,000 $50,000 $37,500 $110,500 O $22,800
Transcribed Image Text:Acme Company applies manufacturing overhead to jobs using an overhead rate based on direct labor costs. Here are data for the month of May: Work in process inventory, beginning Direct materials used Direct labor used Manufacturing overhead applied Cost of goods manufactured On May 31, the only job in process is Job 12, which has been charged with $9,600 of manufacturing overhead costs. What amount of direct materials costs has been charged to Job 12? O $33,400 O $20,600 $26,700 $26,000 $40,000 $50,000 $37,500 $110,500 O $22,800
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