Chelsea purchased her monthly grocery requirements instead of soccer game tickets for the championship match she wanted to see.
What has Chelsea chosen to satisfy over her wants?
Chelsea purchased her monthly grocery requirements instead of soccer game tickets for the championship match she wanted to see. Chelsea has chosen to satisfy her
over her wants.
Chelsea purchased her monthly grocery requirements instead of soccer game tickets for the championship match she wanted to see. Chelsea has chosen to satisfy her
over her wants.
2 answers:
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Answer:
A. $5,250
Explanation:
As for the provided details we have,
The total cost of work in process on 31 March = $14,000
In this amount included as cost of direct labor = $5,000
This means the remaining amount $14,000 - $5,000 = 9,000 relates to cost of direct material and cost of manufacturing overheads.
Also provided that manufacturing overheads are applied using the predetermined rate of 75% of direct labor.
Thus, amount charged to work in process inventory for manufacturing overheads shall be $5,000 direct labor cost 75% = $3,750
Thus, direct material cost in work in process = $14,000 - $5,000 - $3,750 = $5,250