silveryflight
01.10.2019 •
Business
Barefoot running company's work in process inventory on june 1 has a balance of $ 22 comma 800$22,800 representing job no. 265. during june, $ 50 comma 000$50,000 of direct materials were requisitioned for job no. 265 and $ 35 comma 000$35,000 of direct labor cost was incurred on job no. 265. manufacturing overhead is allocated at 115115% of direct labor cost. actual manufacturing overhead costs incurred in june amounted to $ 41 comma 400$41,400. no new jobs were started during june. job no. 265 is completed on june 28. what is the total cost assigned to job no. 265?
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Ответ:
The total cost assigned to Job No. 265 is $148,050
Explanation:
The computation of the total cost is shown below:
= Beginning balance of work in progress inventory + direct material cost + direct labor cost + manufacturing overhead cost
= $22,800 + $50,000 + $35,000 + $40,250
= $148,050
The manufacturing overhead cost is computed by
= Direct labor cost × allocation percentage
= $35,000 × 115%
= $40,250
Ответ:
The answer is D)None of the above.