1. The Taylor Company uses a job order cost system to assign costs to customers. The...
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1. The Taylor Company uses a job order cost system to assign costs to customers. The Work in Process account below is for the month of November: Work in Process Beg. Bal. 63,000 Direct Materials 36,000 Direct Labor 190,000 Mfg. Overhead 76,000 Ending Bal. 75,000 Taylor applies overhead to customers on a basis of direct labor cost. The $75,000 ending balance applies to only one customer, Joe. Joe has already been allocated $17,500 of manufacturing overhead. How much direct materials cost has been used on Joe's order? 290,000 1. The Taylor Company uses a job order cost system to assign costs to customers. The Work in Process account below is for the month of November: Work in Process Beg. Bal. 63,000 Direct Materials 36,000 Direct Labor 190,000 Mfg. Overhead 76,000 Ending Bal. 75,000 Taylor applies overhead to customers on a basis of direct labor cost. The $75,000 ending balance applies to only one customer, Joe. Joe has already been allocated $17,500 of manufacturing overhead. How much direct materials cost has been used on Joe's order? 290,000
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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