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5 August, 21:03

Assuming that the direct labor charged to the jobs still in process at June 30 amounts to $1,600, compute the amount of manufacturing overhead and the amount of direct materials that have been charged to these jobs as of June 30.

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  1. 5 August, 21:12
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    Solution and Explanation:

    The following formula is used to calculate the manufacturing overhead applied to the jobs:

    Manufacturing overhead applied to jobs = 1600 multiply with the 125 percent = 2000

    Work in process (WIP) balance, as on the June 30 = 6675

    Less: the direct labor = 1600

    Less: Manufacturing overhead applied to jobs = 2000

    Direct materials charges to job = $3075

    Therefore, the manufacturing overhead that would be applied as on the June 30 = $2000
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Home » Business » Assuming that the direct labor charged to the jobs still in process at June 30 amounts to $1,600, compute the amount of manufacturing overhead and the amount of direct materials that have been charged to these jobs as of June 30.
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