Ea11.
lo 4.7a company has the following transactions during the week.

purchase of $1,000 raw materials inventory
assignment of $500 of raw materials inventory to job 5
payroll for 20 hours with $1,000 assigned to job 5
factory utility bills of $750
overhead applied at the rate of $10 per hour

what is the cost assigned to job 5 at the end of the week?

$1,700

Explanation:

Given that,

Purchase of raw materials inventory  = $1,000

Assignment of raw materials inventory to Job 5  = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

answer; /// egg production using the factory technique falls less than with the free range technique;

answer the law of increasing costs;