Barefoot Running Company's work in process inventory on June 1 has a balance of $22,700 representing...
Barefoot Running Company's work in process inventory on June 1 has a balance of $22,700 representing Job No. 265. During June, $50,100 of direct materials were requisitioned for Job No. 265 and $35,900 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 115% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,300. No new jobs were started during June. Job No. 265 is completed on June 28. What is the total cost assigned to Job No. 265?
Homework Answers
Total cost assigned to Job no 265= $149,985
|
Beginning work in process |
$ 22,700.00 |
|
|
Add: Cost added during the period |
||
|
Direct material |
$ 50,100.00 |
|
|
Direct labor |
$ 35,900.00 |
|
|
Manufacturing overheads applied |
$ 41,285.00 |
|
|
Total Current cost added |
$ 1,27,285.00 |
|
|
Total Cost applied to job no 265 |
$ 1,49,985.00 |
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Barefoot Running Company's work in process inventory on June 1
has a balance of $22,700 representing...
Barefoot Running Company's work in process inventory on June 1 has a balance of $22,900 representing...
Barefoot Running Company's work in process inventory on June 1 has a balance of $22,900 representing Job No. 265. During June, $50,700 of direct materials were requisitioned for Job No. 265 and $35,500 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 130% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,300. No new jobs were started during June. Job No. 265 is completed on June 28. Is manufacturing...
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