What amount of direct material was included in this job

Assignment Help Accounting Basics
Reference no: EM132823237

Problem - Charleston Company uses a job-order costing system. During April, the following costs appeared in the Work in Process Inventory account:

Beginning balance $24,000

Direct material used 70,000

Direct labor incurred 60,000

Applied overhead 48,000

Cost of goods manufactured 185,000

Charleston Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained $5,600 of overhead. What amount of direct material was included in this job?

Reference no: EM132823237

Questions Cloud

KF7028 Research and Project Management Assignment : KF7028 Research and Project Management Assignment Help and Solution, Northumbria University - Assessment Writing Service
How to make a variance analysis model : How to make a variance analysis model and give her some advice on if she is doing well and, if not, how things can be improved.
Distinguish between a steady state and a transition state : How do you distinguish between a steady state and a transition state? Why is it important to achieve a steady state before changing phases during research?
Describe in detail the roles of performance appraisal : Describe in detail the roles of performance appraisal/ evaluation for employee incentives specifically and for effective compensation management in general.
What amount of direct material was included in this job : There was only one job left in Work in Process at the end of April which contained $5,600 of overhead. What amount of direct material was included in this job
Calculate the estate tax liability for rachel estate : Calculate the estate tax liability, in 2021, for Rachel's estate. Rachel died in 2021 and her executor is finalizing her estate tax return
What amount related to the gift to the brother : Applicable gift tax credit had increased. At Bernard's death, what amount related to the $500,000 gift to his brother is included in his gross estate?
How can communication be useful : In your own words describe the importance of communication in all relationships. (2 paragraphs minimum). How can communication be useful or a barrier.
Six major environmental forces : The annual holiday shopping season typically begins on the Friday after Thanksgiving, known by retailers and consumers alike as "Black Friday."

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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