terials used or used $40,000 $50,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu

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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