Job 590 has an ending balance of $28,500.It has been charged manufacturing overhead costs of $7,000.The rate is 70% of direct labor.What was the amount of direct materials charged to the job?

Name: Job 590 has an ending balance of $28,500.It has been charged manufacturing overhead costs of $7,000.The rate is 70% of direct labor.What was the amount of direct materials charged to the job?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

B)70% (X)= $7,000
X = $10,000 Then $28,500 - 7,000 - 10,000 = $11,500

Job 590 Has an Ending Balance of $28,500