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Cajun Company uses a job-order costing system. During April 20X6, the following costs appeared in the Work in Process Inventory account: Beginning balance      $ 40,000 Direct material used     140,000 Direct labor incurred     120,000 Actual overhead             90,000 Applied overhead          96,000 Cost of goods manufactured   370,000 Cajun Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained $11,200 of overhead. What amount of direct material was included in this job?

Cajun Company uses a job-order costing system. During April 20X6, the following costs appeared in the Work in Process Inventory account: Beginning balance      $ 40,000 Direct material used     140,000 Direct labor incurred     120,000 Actual overhead             90,000 Applied overhead          96,000 Cost of goods manufactured   370,000 Cajun Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained $11,200 of overhead. What amount of direct material was included in this job?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 21E: Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the...
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Cajun Company uses a job-order costing system. During April 20X6, the following costs appeared in the Work in Process Inventory account:

Beginning balance      $ 40,000

Direct material used     140,000

Direct labor incurred     120,000

Actual overhead             90,000

Applied overhead          96,000

Cost of goods manufactured   370,000

Cajun Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained $11,200 of overhead. What amount of direct material was included in this job?

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