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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 17
Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the Work-in-Process account for the month of June.
During the month of June, direct labor totaled $30,000 and $24,000 of overhead was applied to production. Finished Goods was debited $100,000 during June.
Lorrimer Company applies overhead at a predetermined rate of 80% of direct labor cost. Job number 83, the only job still in process at the end of June, has been charged with manufacturing overhead of $3,400. What was the amount of direct materials charged to Job number 83?
A) $3,400
B) $4,250
C) $8,350
D) $7,580
During the month of June, direct labor totaled $30,000 and $24,000 of overhead was applied to production. Finished Goods was debited $100,000 during June.
Lorrimer Company applies overhead at a predetermined rate of 80% of direct labor cost. Job number 83, the only job still in process at the end of June, has been charged with manufacturing overhead of $3,400. What was the amount of direct materials charged to Job number 83?
A) $3,400
B) $4,250
C) $8,350
D) $7,580
Explanation
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Given:
From the other relevant inform...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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