Jasons Custom Tooling (JCT) uses a job order cost system and applies overhead using a predetermined overhead

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Jason’s Custom Tooling (JCT) uses a job order cost system and applies overhead using a predetermined overhead rate based on direct labor costs. The following debits (credits) appeared in Workin-Process Inventory for November:

Job 13-11, the only job still in process at the end of November, has been charged direct labor of $28,000.

Required

What cost amount of direct materials was charged to Job 13-11?

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Fundamentals Of Cost Accounting

ISBN: 9781264100842

7th Edition

Authors: William Lanen

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Question Posted: Aug 26, 2022 12:28 AM

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Jasons Custom Tooling (JCT) uses a job order cost system and applies overhead using a predetermined overhead

Question:

November 1..... For the month... For the month... For the month For the month Description Balance Direct materials Direct labor Factory overhead To finished goods Amount $ 37,000 215,000 124,000 117,800 (409,000)

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First calculate the predetermined overhead rate using the ...View the full answer

Fundamentals Of Cost Accounting

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