Alfredo Company has a job-order cost system. The following debits (credits) appeared in the Work-in-Process account for
Question:
Alfredo Company has a job-order cost system. The following debits (credits) appeared in the Work-in-Process account for the month of June.
June 1 .....................................balance $12,000
June 30 .........................direct materials 50,000
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 Afredo Company applies overhead at a predetermined rate of 80% of direct labor cost. Job number 83, the only job still n 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?
Step by Step Answer:
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen