Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information applies to job 730 compl

The following information applies to Job 730 completed by Riverton Manufacturing Company during October 2017....

80.2K

Verified Solution

Question

Accounting

The following information applies to Job 730 completed by Riverton Manufacturing Company during October 2017. The amount of labor cost for the job was $162,000. Applied overhead amounted to $230,000. The project was completed and delivered to Hudson Company at a contract price of $654,000. Riverton recognized a gross profit of $120,000 on the job.

Required

Determine the amount of raw materials used to complete Job 730.

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

Find the solution of the IVP. In these problems, the independent variable is not t and...

Advance Math
Q

As we discussed in our class the notion of organizational culture, structure and styles of management...

Operations Management
Q

You are a homeowner and you have decided to invest some time into developing a temperature...

Electrical Engineering
Q

The US Constitution is the foundation of our legal and political system. Discuss what you found interesting...

Accounting
Q

The relationship between the number of pounds lb of cereal and the price in dollars...

Basic Math
Q

Which of the following graphs shows a parabola with a vertex of 2 9 and...

Algebra
Q

You deposit $100 each month into an account earning 7% interest compounded quarterly....

Accounting
Q

Ervin Company uses the allowance method to account for uncollectible accounts receivable. The...

Accounting
Q

Direct Materials, Direct Labor, and Overhead Variances, Journal Entries Rand Company produces dry fertilizer. At...

Accounting
Q

The original budgeted Operating Income of TTX Ltd was 40.000. The following variances were noted...

Accounting
Q

USIN8 hls Thlonationn, 8ve detalied desciptions,nciudin8 nurmber of Shiares arid price perS General Journal Re...

Accounting
Q

Score: 0 of 1 pt 1 of 10 (0 complete) HW Score: 0%, 0 of...

Finance