- This topic has 1 reply, 2 voices, and was last updated 8 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
A manufacturer absorbs production overheads into the cost of jobs as a percentage of actual direct labour cost. Two
jobs were worked on during a period:
Job 1 ($) Job 2 ($)
Opening work-in-progress 5,269 –
Direct materials in the period 10,726 4,652
Direct labour in the period 4,360 2,940
Production overheads of $9,855 were incurred in the period. Job 2 was completed in the period.
What is the value of work in progress at the end of the period?
A $20,972
B $24,941
C $26,241
D $20,355
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.