Answered

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During 2019, Marigold Corp. expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Marigold applied overhead based on direct labor cost. Actual production required an overhead cost of $200000, $460000 in materials used, and $150000 in labor. All of the goods were completed. What amount was transferred to Finished Goods

Sagot :

abiolataiwo2015

Answer:

$835,000

Explanation:

Calculation to determine What amount was transferred to Finished Goods

Transferred to Finished Goods=[$300,000 / $200,000)*$150,000]+$460,000+$150,000

Transferred to Finished Goods=(150%*$150,000)+$460,000+$150,000

Transferred to Finished Goods=$225,000+$460,000+$150,000

Transferred to Finished Goods=$835,000

Therefore The amount that was transferred to Finished Goods is $835,000

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