What was the amount of direct materials charged

Assignment Help Cost Accounting
Reference no: EM132967884

Problem - Integrity Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of P7,200. What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is P30,000?

Reference no: EM132967884

Questions Cloud

Prepare income statement for the year using variable costing : Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Prepare income statement for the year using variable costing
Should abc ltd accept the offer or not : Company offers ABC Ltd. $17 per liter for the entire Alpha it will produce in August. Based on July 2021 information, should ABC Ltd. accept the offer or not
What is the cost of goods sold for the month : Problem - In the Integrity Company, the following Job cards were totaled at the end of the month: What is the cost of goods sold for the month
Solve if xyz company should accept the customer offer : Solve if XYZ Company should accept the customer's offer. If so, should it increase capacity or decrease sales to other customers?
What was the amount of direct materials charged : What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is P30,000
How much is the annual cash flow you can afford : You deposit this total amount into an account paying 10% p.a. (compounded annually). How much is the annual cash flow you can afford
Describe the sale and profit profiles : Describe the sales, cash flow and profit profiles for each of the four stages of the product life cycle and place the four companies' products in the product
Discuss the main components of the value chain : A supermarket chain employs you as a management accountant. Using example of a supermarket discuss the main components of the value chain
Describe porter argument tha tbeing stuck in the middle : Describe Porter's argument that 'being stuck in the middle' is not a viable strategy. Porter has argued that there are four main routes to gaining

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculate the primary allocation of overheads per department

City Leaving, Calculate the primary allocation of overheads per department as well as the secondary allocation per production department.

  What point should warehouse reorder shoes

Assume each month consist of approximately 4 weeks. If it takes 1 week to receive an order, at what point should warehouse P4 reorder shoes?

  What amount should be shown in orchids companys statement

What amount should be shown in Orchids Company's statement of financial position at December 31, 2021 as Prepaid or Accrued Retirement Benefit Cost

  Which of the following statements is true

Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business.

  Develop company and determine what it will produce and sell

Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or do a combination of both. Be specific as to costs.

  Which budgeted? indirect-cost rate for each cost pool is

Which budgeted? indirect-cost rate for each cost pool is computed as?? budgeted annual indirect cost divided by budgeted annual quantity of cost allocation base

  What the target cost for the product should be

Xavier Ltd. What The target cost for the product should be? It has determined that the selling price for one of its products should be $68.

  Prepare a bank reconciliation for laymon boat company

Prepare a bank reconciliation for Laymon Boat Company at September 30 and prepare any adjusting entries necessary as a result of the bank reconciliation.

  Incurrence of direct labor costs

The journal entry to record the incurrence of direct labor costs in November would include the following for Work in Process - total cost of producing and selling the product

  What the safety stock for bonds chemical would be

What The safety stock for Bonds chemical would be? The lead time for each order is six weeks and the economic order quantity is 160 tonnes.

  Explain why are sunk costs irrelevant in deciding

Gilberto Company currently manufactures one of its crucial pars at a cost of $4.45 per unit. This cost is based on a normal production rate of 65,000 units per year. Variable costs are $1.95 per unit, fixed costs related to making the part are $65..

  Difference in treatment of identifiable and unidentifiable

How much depreciation will be taken each year if the straight-line method of depreciation is used? Show calculations. "

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