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27 January, 23:48

Wilder, Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 305, the only job still in process at the end of August, has been charged with manufacturing overhead of $2,250. Assuming the balance in Work in Process Inventory is $9,000, the amount of direct materials charged to Job 305 is

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  1. 27 January, 23:55
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    The amount of direct materials charged to job 305 is $4,250.

    Explanation:

    Manufacturing overhead = $2,250,

    Direct labor = $2,250 : 90%

    = $2,500

    Direct materials = $9,000 - ($2,250 + $2,500).

    = $4,250

    Therefore, the amount of direct materials charged to job 305 is $4,250.
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