What amount of direct material was included in the job

Assignment Help Accounting Basics

Reference no: EM132703397

Stone Company uses a job order costing system. During May 2017, the following costs appeared in the Work in Process Inventory account.

Beginning balance P 12,000

Direct material used 35,000

Direct labor incurred 30,000

Applied overhead 24,000

Cost of goods manufactured 92,500

Stone Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of May which contained P 2,800 of overhead.

Problem 1: What amount of direct material was included in this job (in process, end)?

Option 1: P 2,100

Option 2: P 2,200

Option 3: P 4,400

Option 4: P 6,920

Reference no: EM132703397

Questions Cloud

High level and a granular forecast to be the greatest : What rules of thumb can you come up with to guide you and your peers to use the proper level of analysis when creating forecasts?

Develop a computer and internet security policy : You have been hired as the CSO (Chief Security Officer) for an organization. Your job is to develop a computer and internet security policy for the organization

Compute total manufacturing costs for june : Compute total manufacturing costs for June, if there were 1,500 direct labor hours and P21,000 of raw material was purchased.

Examination Of Terrorism : You will complete a Research Paper providing an in-depth examination of terrorism. The paper will detail the history of terrorism as it has developed over time.

What amount of direct material was included in the job : What amount of direct material was included in this job (in process, end)? Stone Company applies overhead on the basis of direct labor cost.

Identify the requirements for the insanity plea : Identify the requirements for the insanity plea in your jurisdiction and contrast this with the M'Naghten standard, the Brawner standard, ALI standard,

Draw up a schedule for the purpose of examining : Draw up a schedule for the purpose of examining, testing, evaluating and refining your idea.

How knowledge or theories of the course have been applied : Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied.

Organizations and development of computer technology : Our society is very dynamic, even more with rapid advances in technology. Explain why the spread of formal organizations and development of computer technology

User Account

All Pages