Solution-Determine the direct labor charged to job

Determine the direct labor charged to job

Assignment Help Cost Accounting

Reference no: EM132981981

Question - The Diamond Company uses a job order cost accounting system. Overhead is applied to production at a predetermined rate of 80% based on direct labor cost. The following posting appear in the ledger accounts of the company for the month of September

Debit

Work in process, Sept. 1 30,000

Direct materials 60,000

Direct labor 50,000

Factory overhead 40,000

Cost of goods completed (155,000)

Job no. 327 was the only job not completed in September and it has been charged 4,600 for factory overhead.

Required -

1. Determine the Direct materials charged to Job no. 327?

a. 10,350

b. 14,650

c. 20,000

d. 25,000

2. Determine the Direct labor charged to Job no. 327?

a. 5,750

b. 6,784

c. 8,280

d. 8,480

Reference no: EM132981981

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Determine the direct labor charged to job

Reference no: EM132981981

Reference no: EM132981981

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