Solution-Calculate amount of cost of manufacturing overhead

Calculate amount of cost of manufacturing overhead

Assignment Help Cost Accounting

Reference no: EM132857279

Question - JN Corporation had only one job in process on June 1. The job had been charged with Rs.3,400 of direct materials, Rs.4,840 of direct labor, and Rs.6,292 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate on the basis of direct labor cost.

During June, the following activity was recorded:

Raw materials (all direct materials):

Beginning balance 8,500

Purchased during the month 42,000

Used in production 49,500

Labor:

Direct labor-hours worked during the month 2,250

Direct labor cost incurred 27,520

Actual manufacturing overhead costs incurred 52,800

Inventories:

Raw materials, June 30 ?

Work in process, June 30 37,190

Work in process inventory on June 30 contains Rs.9,940 of direct labor cost.

Required - Calculate amount of cost of manufacturing overhead at work in process, June 30?

Reference no: EM132857279

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Calculate amount of cost of manufacturing overhead

Reference no: EM132857279

Reference no: EM132857279

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