Evaluate cost amount of direct materials was charged

Assignment Help Cost Accounting
Reference no: EM13515636

Turco Products uses a job order cost system. The following debits (credits) appeared in Work-in- Process Inventory for September:

 

Description

Amount

September 1

Balance

$ 70,200

For the month

Direct materials

421,200

For the month

Direct labor

262,600

For the month

Factory overhead

315,120

For the month

To finished goods

(832,000)

Turco applies overhead to production at a predetermined rate of 120 percent based on direct labor cost. Job 9-27, the only job still in process at the end of September, has been charged direct labor of $35,100.

Required

What cost amount of direct materials was charged to Job 9-27?

Reference no: EM13515636

Questions Cloud

Explain the specific enthalpy of a wet steam : The specific enthalpy of a wet steam at 150.3°C (5 bars) is determined from the Steam Table to be 2,429 kJ/kg. Caculate the quality of the steam.
Explain hcl is needed to reach the first equivalence point : In an alkalinity titration of a 100.0-mL sample of water from a hot spring, 2.56 mL of a 0.0035 M solution of HCl is needed to reach the first equivalence point (pH=8.3) and another 10.42 mL is needed to reach the second equivalence point (pH=4.0)..
Option pricing : XYZ pays no dividends and sells for $50.  There is a one-year call to buy 100 shares at $50 selling for $4.00.  If interest rates are 6%, what should a one-year put sell for?
Calculate over or underapplied overhead : Calculating Over- or Underapplied Overhead - What was over- or underapplied manufacturing overhead in May?
Evaluate cost amount of direct materials was charged : What cost amount of direct materials was charged to Job 9-27 - Turco applies overhead to production at a predetermined rate of 120 percent based on direct labor cost
What cost amount of direct materials was charged : What cost amount of direct materials was charged to Job 3318 - Marys applies overhead to production at a predetermined rate of 80 percent based on direct labor cost.
Prepare an entry to allocate over- or underapplied overhead : Prepare an entry to allocate over- or underapplied overhead to Work in Process.
Draw the cost flow diagram assuming that tiger furnishings : Draw the cost flow diagram assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs.
Evaluate the predetermined overhead rate : Evaluate the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculating npv and irr

Calculating NPV and IRR. A project that provides annual cash flows of $17,300 for 9 years costs $79,000 today. Is this a good project if the required return is 8%?

  Value of levered firm

If value of a levered firm is $13,000,000, and value of corresponding unlevered firm is $12,000,000, find out the present value of financial distress costs, if the firm has $5,000,000 of debt outstanding and is in the 40 percent tax bracket.

  Evaluate what is the npv for each project

Find what is the IRR for each project and evaluate what is the NPV for each project?

  Compute the product margins for the ex300 and tx500

The company has created an activity-based costing system to evaluate the profitability of its products. PMI's ABC implementation team concluded that $57,000 and $101,000 of the company's advertising expenses could be directly traced to EX300 and T..

  Smith paints allocates overhead based on machine hours

smith paints allocates overhead based on machine hours. elected data for the most current year follow. estimated moh

  Calculate cost of goods available for sale during the year

Joe Dodd owns Joe's Sporting Goods. At the beginning of the year, Joe's had $8,400 in inventory. During the year, Joe's purchased inventory that cost $42,000. At the end of the year, inventory on hand amounted to $17,600.

  Fazer groupfazer is probably most known for its chocolate

fazer groupfazer is probably most known for its chocolate. below is the link to the companys homepage.requiredgo to

  Costing system support management decision making

What are the primary documents supporting a job order costing system and what purposes are served by each of them and how does information from a job order costing system support management decision making?

  What are the standard cost for materials

The standard materials cost of a product is $40 per unit, based on 10 pounds of raw materials at a standard cost of $4 per pound.  During January 20X9, 1,000 units of product were produced, using 10,200 pounds of raw material at a cost of $4.20..

  Cash flows used for investing activities section in 2012

What was the most significant item in the cash flows used for investing activities section in 2012 - Where is "deferred income taxes" reported in Intel's statement of cash flows

  How revenue sources are planned and budgeted in nonprofits

What are some typical key assumptions that must be made in the "revenue sources" budgeting process of nonprofits, and what could cause these assumptions to be invalid?

  Prepare the stockholders equity section

Prepare the stockholders' equity section, including disclosure of all relevant data.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd