Tyare Corporation had the following inventory balances at the beginning and end of May:
May 1 | May 30 | |||||
Raw materials | $ | 26,500 | $ | 32,000 | ||
Finished Goods | $ | 76,000 | $ | 68,000 | ||
Work in Process | $ | 14,500 | $ | 16,654 | ||
During May, $59,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 320 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,150 of direct materials cost. The Corporation incurred $42,300 of actual manufacturing overhead cost during the month and applied $40,200 in manufacturing overhead cost.
The raw materials purchased during May totaled:
Tyare Corporation had the following inventory balances at the beginning and end of May: May 1...
Tyare Corporation had the following inventory balances at the beginning and end of May. May 1 May 30 Raw materials $30,000 $39,000 Finished Goods $79,500 $75,000 Work in Process $18,000 $17,193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended...
tyare corporation Tyare Corporation had the following inventory balances at the beginning and end of May. Raw materials Finished Goods Work in Process May 1 $ 26,000 $75,500 $14,000 May 30 $31,000 $67,000 $ 16,567 During May, $59,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 310 hours of direct labor...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Gôods Work in Process May 1 May 30 $30,000 $39,000 $79,500 $75,000 $18,000 $17,193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 $30,000 $79,500 $18,000 $39,000 $75,000 $17,193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended on the...
Tyare Corporation had the following inventory balances at the beginning and end of May. May 1 May 30 Raw materials $30,500 $40,000 Finished Goods $80,000 $76,000 Work in Process $18,500 $17,270 During May, $63,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 400 hours of direct labor time had been expended...
Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $ 32,500 $ 44,000 Finished Goods $ 82,000 $ 80,000 Work in Process $ 20,500 $ 17,578 During May, $65,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 440 hours of...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 May 30 $34,000 $47,000 $83,500 $83,000 $22,000 $17,809 During May, $67,000 in raw materials (all direct materials) were drawn from Inventory and used in production. The company's predetermined overhead rate was $12 per direct labor- hour, and it paid its direct labor workers $15 per hour. A total of 470 hours of direct labor time had been...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 $29,500 $79,000 $17,500 May 30 $38,000 $ 74,000 $17,116 During May, $62,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 380 hours of direct labor time had been...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 $26,000 $75,500 $14,000 May 30 $31,000 $67,000 $16,567 During May, $59,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 310 hours of direct labor time had been expended...
Tyare Corporation had the following inventory balances at the beginning and end of May Help Save Raw materials Finished Goods Work in Process May i 532.500 $82,000 $20,500 may 3o. $44.000 $80,000 $17.579 During May $65.500 in raw materials (all direct materials were drawn from inventory and used in production. The company's predetermined overhead rate was $2 per direct laborhout, and it paid its direct labor workers 515 per hour. A total of 440 hours of direct labor time had...