Job # 0098 incurred the following during production: Direct Materials: Manufacturing labor: Packaging materials: Packing and shipping labor: The following data is also available for the company: Overhead costs for the period: Indirect Labor (machine maintenance): The company incurs costs at the following rates: Manufacturing labor: Auxiliary labor (maintenance, packaging, etc.): Overhead allocation: $300 7 hours $20 0.5 hours $3,000 20 hours $12/hour $10/hour $5/manufacturing labor hour Given this information, what was the total cost of the job that was transferred from Work in Process Inventory the Finished Goods Inventory?

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 11E: Ripley, Inc., costs products using a normal costing system. The following data are available for...
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Question 6
Job # 0098 incurred the following during production:
Direct Materials:
Manufacturing labor:
Packaging materials:
Packing and shipping labor:
The following data is also available for the company:
Overhead costs for the period:
Indirect Labor (machine maintenance):
The company incurs costs at the following rates:
Manufacturing labor:
Auxiliary labor (maintenance, packaging, etc.):
Overhead allocation:
$300
7 hours
$20
0.5 hours
$3,000
20 hours
$12/hour
$10/hour
$5/manufacturing labor hour
Given this information, what was the total cost of the job that was transferred from Work in Process Inventory
the Finished Goods Inventory?
Transcribed Image Text:Question 6 Job # 0098 incurred the following during production: Direct Materials: Manufacturing labor: Packaging materials: Packing and shipping labor: The following data is also available for the company: Overhead costs for the period: Indirect Labor (machine maintenance): The company incurs costs at the following rates: Manufacturing labor: Auxiliary labor (maintenance, packaging, etc.): Overhead allocation: $300 7 hours $20 0.5 hours $3,000 20 hours $12/hour $10/hour $5/manufacturing labor hour Given this information, what was the total cost of the job that was transferred from Work in Process Inventory the Finished Goods Inventory?
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