Homework Answers
Ans:
|
Manufacturing costs |
Work in |
|||||||
|
Raw |
Factory |
Manufacturing |
Process |
|||||
|
materials |
labor |
overhead |
Inventory |
|||||
|
inventory |
||||||||
|
a) |
Incurred factory labor |
82000 |
||||||
|
b) |
Direct labor |
(82000*82%) |
-67240 |
67240 |
||||
|
b) |
Indirect labor |
(82000*18%) |
-14760 |
14760 |
||||
|
Balance |
0 |
0 |
14760 |
67240 |
||||
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