The following apply to Startford LTD Direct material inventory,begining of the year R 5 500...

90.2K

Verified Solution

Question

Accounting

The following apply to Startford LTD

Direct material inventory,begining of the year R 5 500

Direct materials inventory, end of the year R 3 000

Direct materials purchased durind the year R 45 000

Work in process inventory, begining of the year R 9 000

Manufacturing overhead applied during the year R 20 000

Work in process inventory , end of the year R 14 000

Predetermined overhead rate - 200 per cent of direct labor cost .

1. Calculate the amount of direct materials used during the year

2.Calculate the amount of direct labour cost incurred during the year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students