Question: Jason's Custom Tooling ( JCT ) uses a job order cost system and applies overhead using a predetermined overhead rate based on direct labor costs.

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 Work-in-Process Inventory for November:
Job 13-11, the only job still in process at the end of November, has been charged direct labor of $29,500.
Required:
What cost amount of direct materials was charged to Job 13-11?
Direct materialsJason'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 Work-in-Process Inventory for November:
Description Amount
November 1 Balance $ 41,500
For the month Direct materials 230,000
For the month Direct labor 139,000
For the month Factory overhead 132,050
For the month To finished goods (416,500)
Job 13-11, the only job still in process at the end of November, has been charged direct labor of $29,500.
Required:
What cost amount of direct materials was charged to Job 13-11?
 Jason's Custom Tooling (JCT) uses a job order cost system and

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!