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 WorkinProcess Inventory for November:
DescriptionAmountNovember Balance$ For the monthDirect materialsFor the monthDirect laborFor the monthFactory overheadFor the monthTo finished goods
Job the only job still in process at the end of November, has been charged direct labor of $
Required:
What cost amount of direct materials was charged to Job
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