What the amount of direct labor cost in the may

Assignment Help Accounting Basics
Reference no: EM133102890

Question - Tyare Corporation had the following inventory balances at the beginning and end of May:

 

May 1

May 30

Raw materials

$30,500

$40,000

Finished Goods

$80,000

$76,000

Work in Process

$18,500

$17,270

During May, $63,500 in raw materials [all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 400 hours of direct lab-or time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,550 of direct materials cost. The Corporation incurred $43,500 of actual manufacturing overhead cost during the month and applied $42,600 in manufacturing overhead cost.

Required - What the amount of direct labor cost in the May 30 Work in Process inventory?

Reference no: EM133102890

Questions Cloud

What is the change in net working capital : At the end of the year, the current assets are $493 and the current liabilities are $272. What is the change in net working capital
National organizations and international organizations : Using the web, locate both national and international organizations which provide services directly relating to Occupational Health and Safety.
Contingency planning is risk mitigation process : Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual'.
Magee definition of persuasion : Explain why priming does not meet one or more criterion listed in Magee's definition of persuasion in chapter 1.
What the amount of direct labor cost in the may : The company's predetermined overhead rate was $12 per direct labor-hour, What the amount of direct labor cost in the May
Attributes of technical communication : Develop your own code of ethics. Make sure you use at least 10 sentences describing what they are and why and complete your assignment using the attributes of t
How would you know your solution is successful : Briefly describe a significant problem that you have encountered in your own business experience that has been difficult to solve
Determine if your proposal was a success : Discuss the key indicators you would use to determine if your proposal was a success. This does not necessarily include the success of the solution, but how you
Case of edward snowden : Read the case of Edward Snowden in these following links and answer the questions below:

Reviews

Write a Review

Accounting Basics Questions & Answers

  What should the minimum transfer price

Can you predict what transfer price the manager of the Components Division will set? What should the minimum transfer price for this part be? The maximum transfer price?

  What is net present value of the cash flows associated

The Riteway Ad Agency provides cars for its sales staff. What is the net present value of the cash flows associated with the purchase alternative?

  What would salaries payable be for the week

Unemployment taxes were calculated at a rate of 5.4% and 0.8% respectively, on $270,000 of salaries. What would Salaries Payable be for the week of 8/20?

  How much total interest will be paid at the end of the year

Rublin Company applies for a one-year, P1 million loan from RY Bank. The term of the loan requires 12% per annum interest, compounded semi-monthly and will be.

  Determine what is the present worth of the project

Should Nabil buy the house (type in 'yes' or 'no')? What is the present worth of this project? Nabil is considering buying a house while he is at university.

  Plants galre operates a commercial plant nursery where it

plants galre operates a commercial plant nursery where it propagates plants for garden centers throughout the region.

  What are the advantages and disadvantages of this method

What are the advantages and disadvantages of this method?

  What is the balance after adjustment

If the balance of the Allowance for Doubtful Accounts is $1980 debit before adjustment, what is the balance after adjustment

  Retail inventory chart please find the values of the boxes

retail inventory chart please find the values of the boxes with question marks and build a chart for each method that

  Find income or loss for the year or operation

Find his income or loss for the year or operation.

  What is its purchasing absorption ratio

If Nice Thread uses the simplified resale method, then: What is its purchasing absorption ratio

  What the statutory deductions

Write memo to Rose explaining what the statutory deductions consist of and by what methods they may be determined

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd