AshlynPlayz45
03.03.2020 •
Business
Lucas Co. has a job order cost system. For the month of April, the following debits (credits) appeared in the general ledger account, work-in-process:
April
1 Balance $24,000
30 Direct materials 80,000
30 Direct labor 60,000
30 Factory overhead 54,000
30 To finished goods (200,000)
Lucas applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 100, the only job still in process at the end of April, has been charged with factory overhead of $4,500. The amount of direct materials charged to Job No. 100 was
A) $4,500.
B) $18,000.
C) $5,000.
D) $8,500.
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Ответ:
D) $8,500
Explanation:
The first step is to determine the total cost of manufacturing of the Job number 100 as follows:
Work in Progress Account
Balance $24,000 Finshed goods $200,000
Dir. Material $80,000 Balance $18,000
Dir. Labour $60,000
Factory Overhead $54,000
218,000 $218,000
Based on the calculation, the $18,000 represents the total cost of maufacturing of Job number 100 on the 30th of April.
As such
The Direct material cost charged to the job is as follows
Total Cost of maunfacturing $18,000
subtract: Applied overhead $4,500
Subtract Direct Labour Cost: $5,000 (4500 x 100/80)
Drect material charged is $8,500
Ответ: