GoldRush18
  • GoldRush18
Berbice Co. applies overheads to jobs at the rate of 40 per cent of direct labour cost. Direct materials of $ 1 250 and direct labour of $1 400 were expended on Jod AB-424 during June. At May 31, the balance of Job AB-424 was $2800. What was the June 30 balance? a. $3 210 b. $4 760 c. $5 454 d. $6 010
Finance
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SOLVED
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chestercat
  • chestercat
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GoldRush18
  • GoldRush18
plz show working
anonymous
  • anonymous
company paid 2800$ last month ,we dont touch this. they paid this month : D.materials : 1250$ D.labour : 1400$ over head exp.: 1400 * 40 % all of this months exp. are moved to the AB-424 account . and the new sum of that account is : 2800 + 1250 + 1400 + 560 = 6010 $ i think the answer is D sorry for late
GoldRush18
  • GoldRush18
ok what topic does this come under

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anonymous
  • anonymous
we study these in " industrial accounting 1 "book ,in topic of phase costting of the project
GoldRush18
  • GoldRush18
ok i got more questions coming up

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