User Account

All Pages

What the cost of direct materials charged

Assignment Help Accounting Basics
Reference no: EM132903576

Question - The work in process account of the Malinta Co. follows:

Work in Process

Debits: April 1 Balance P25,000

Direct materials 50,000

Direct labor 40,000

Factory overhead applied 30,000

Credits: Finished goods P125,450

Overhead is applied to production at a predetermined rate, based on direct labor cost. The work in process at April 30 represents the cost of Job No 456, which has been charged with direct labor cost of P3,000, and Job No. 789, which has been charged with applied overhead od P2,400.

Required - What the cost of direct materials charged to Job No. 456 and Job No. 789?

Reference no: EM132903576

Questions Cloud

Thinking about definition of term flotation costs : Thinking about the definition of the term "flotation costs," should we expect the flotation costs for debt to be significantly lower than those for equity?
What is the effect on Mustang Corporation : On this date the value of the land has decreased to $250,000. What is the effect of each of the following on Mustang Corporation
Write a brief overview of the scoring system : Do a bit of research on CWE, Common Weakness Enumeration. Write a brief overview of their scoring system. Pick one of common weaknesses identified
Scotiabank facing in blockchain sector : What challengers is Scotiabank facing in the blockchain sector? What are the implications for the bank's blockchain partnership strategy?
What the cost of direct materials charged : Overhead is applied to production at a predetermined rate, based on direct labor cost. What the cost of direct materials charged
What an organization should consider to purchase data mining : What are the main reasons for recent popularity of data mining? What an organization should consider before making a decision to purchase data mining software.
Advanced Excel Workshop spreadsheet : Complete the pivot table on the Pivot Tables cont. tab in the Advanced Excel Workshop spreadsheet.
What the journal entries to record the admission : What the journal entries to record the admission of the new partner under each of the following problems and assumptions
What factors are transforming professional services industry : What factors are transforming the professional services industry? What relationships must an IT worker manage, and what key ethical issues can arise in each?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What amount should gigantic report as investment income

Grateful reported net income of P60,000,000 and paid a P22,500,000 cash dividend. What amount should Gigantic report as investment income for 2019?

  Question - Audit Risk and Audit Strategies

Question - Audit Risk and Audit Strategies. Describe the relationship between the above five categories and how these need to be considered

  Actual quantity 840 kg standard price 48 per kg standard

actual quantity 840 kg standard price 48 per kg standard quantity requirement of material 800 kg actual price 52 per kg

  Critical thinking and job requirements

Critical Thinking and Job Requirements.While communication and critical thinking skills are important, they may not be the only requirements for a future job.

  How would this information be reflected on hoyt tax return

Hoyt rented office space two years ago to Harris, How would this information be reflected on Hoyt's tax return this year

  Determine the direct materials quantity variances

Marshall Printing Company actually produced 14,000 units during June. Determine the direct materials quantity and direct labor time variances

  Prepare a comparative income statement for two-year period

Prepare a comparative income statement for the two-year period, presenting, an analysis of each item in relationship to net sales for each of the years

  X and y each have capital balances of 100000 and share net

yaro company owns 30 of the common stock of dew co. and uses the equity method to account for the investment. during

  How many units did the Forming Department start

At the beginning of the month, the Forming Department of Martin Manufacturing had 30,000 units in inventory, How many units did the Forming Department start

  Juanita is trying to decide whether or not to attend

juanita is trying to decide whether or not to attend college during the next 12-week session. she has the following

  Can grace file a return as head of household if her mother

Grace provides 52% of the household costs for her widowed motherduring the year. Grace claims her mother as a dependent. Can Grace file a return as head of Household if her mother does not live with her? Explain the reason behind your answer.

  Identify four common smartphone platforms

Define the term smartphone. Identify four common smartphone platforms.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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