question archive JN Corporation had only one job in process on June 1
JN Corporation had only one job in process on June 1
Subject:AccountingPrice:2.84 Bought3
JN Corporation had only one job in process on June 1. The job had been charged with Rs.3,400 of direct materials, Rs.4,840 of direct labor, and Rs.6,292 of manufacturing overhead cost. The company assigns an overhead costs to jobs using the predetermined overhead rate on the basis of direct labor costs.
During June, the following activity was recorded:
|
Raw materials (all direct materials): |
|
|
Beginning balance |
8,500 |
|
Purchased during the month |
42,000 |
|
Used in production |
49,500 |
|
Labor: |
|
|
Direct labor-hours worked during the month |
2,250 |
|
Direct labor cost incurred |
27,520 |
|
Actual manufacturing overhead costs incurred |
52,800 |
|
Inventories: |
|
|
Raw materials, June 30 |
? |
|
Work in process, June 30 |
37,190 |
Work in process inventory on June 30 contains Rs.9,940 of direct labor cost.
Calculate amount of cost of manufacturing overhead at work in process, June 30,?
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