Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during november, $39,000 in raw materials (all dir

During November, $39,000 in raw materials (all direct materials) were drawn from inventory and used...

60.1K

Verified Solution

Question

Accounting

During November, $39,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $8 per direct labor-hour, and it paid its direct labor workers $10 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4,700 of direct materials cost. The Corporation incurred $28,000 of actual manufacturing overhead cost during the month and applied $26,400 in manufacturing overhead cost.

1. The raw materials purchased during November totaled: A. $42,000 X B. $45,000 C. $36,000 D. $39,000

2. The direct materials cost in the November 1 Work in Process inventory account totaled: A. $6,600 B. $6,000 C. $3,600 X D. $3,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The real short-term risk-free rate is 1.5% and expected to stay constant. The inflation rate is...

Finance
Q

Which one of these statements is correct? Read VERY carefullyA. During transcription, all the DNA...

Biology
Q

Nutrients in the soil such as phosphorus and potassium play an important role in plant...

Biology
Q

Find the indefinite integral S co cos x sin x dx Of V y sin...

Calculus
Q

Determine the value for c so that lim f x exists x 3 f x...

Calculus
Q

Please fill in the 4 blanks in the spreadsheet. Assume you are the department B...

Accounting
Q

Based upon a review of literature, compare and contrast the four major measurement bases other...

Accounting
Q

Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings...

Accounting
Q

[The following information applies to the questions displayed below.] Alcorn Service Company was formed on...

Accounting
Q

Texas Roadhouse opened a new restaurant in October. During its first three months of operation,...

Accounting
Q

P9.2(LO 2) In recent years, Freeman Transportation purchased three used buses. Because of frequent turnover...

Accounting
Q

[The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory...

Accounting