Examlex

Solved

Pricton Corporation Has a Job-Order Costing System

question 160

Multiple Choice

Pricton Corporation has a job-order costing system. For the month of April, the following debits (credits) appeared in the Work in Process account: Pricton Corporation has a job-order costing system. For the month of April, the following debits (credits)  appeared in the Work in Process account:   Pricton applies overhead at a predetermined rate of 90% of direct labor cost. Job No. 50, the only job still in process at the end of April, has been charged with manufacturing overhead of $2,250. The amount of direct materials charged to Job No. 50 was: A)  $9,000 B)  $4,250 C)  $2,500 D)  $2,250
Pricton applies overhead at a predetermined rate of 90% of direct labor cost. Job No. 50, the only job still in process at the end of April, has been charged with manufacturing overhead of $2,250. The amount of direct materials charged to Job No. 50 was:


Definitions:

Price/Earnings Ratio

A financial ratio that measures a company's share price relative to its earnings per share, indicating how much investors are willing to pay per dollar of earnings.

Dividend Yield

A monetary ratio demonstrating the proportion of yearly dividends distributed by a corporation in relation to its share value.

Common Stock

The basic voting stock issued by a corporation.

Related Questions