Solution-What direct material charged to job no is

What direct material charged to job no is

Reference no: EM132805518

The Grapes Company uses a job order cost accounting system. Overhead is applied to production at a predetermined rate based on direct labor cost.

The following postings appear in the ledger accounts of the company for the month of September, 2020:

Work in Process, Sept. 1 P30,000
Direct Materials 60,000
Factory Overhead 40,000
Direct Labor 50,000

Problem 1: On September 30, 2020, finished goods completed, from work in process cost P160,000. Job. No. 327 was the only job not completed in September, and it has been charged P4,600 for factory overhead. Direct Material charged to Job No. 327 is

Reference no: EM132805518

Questions Cloud

Will the management of bb tyres accept the proposal : Determine the acceptable range of transfer price if BB Tyres sells 47,500 van tyres to its external customers per month. (Round answer to 2 decimal places.)

What is the dominant diversity issue for educators : What do you believe is the dominant diversity issue for educators? For students? How can you, as an educational leader, assist your faculty in effectively.

Explain the different types of innovation : Explain the context for innovation and determine the difference between invention and innovation and Explain the different types of innovation

Describe how organizations benefit from whistle blowing : Please describe how organizations benefit from whistle blowing? How can exposing the organization's "dirty laundry" contribute to the organization?

What direct material charged to job no is : Job. No. 327 was the only job not completed in September, and it has been charged P4,600 for factory overhead. Direct Material charged to Job No. 327 is

How student services at your institution are working : Using the IPEDS Data Center, examine your chosen institution's retention rates over the last 10 years. How have its graduation rates changed?

How each transaction would be handled using the cash basis : How each transaction would be handled using the cash basis and the accrual basis. Under each column, give the amount of revenue or expense for August.

Explain qualitative and quantitative forecasting : Explain qualitative and quantitative forecasting, and then come up with an original example of each taken from your own professional experiences

Justify why you would use given technique in your study : As you have planned your action research so far in this course, you have come to new understandings about your area of focus and the variables you intend.

User Account

All Pages

What direct material charged to job no is

Reference no: EM132805518

Reference no: EM132805518

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT