Ax Company produces metal belts. During the current month, the company incurred the following product costs:...
Ax Company produces metal belts. During the current month, the company incurred the following product costs:
Raw materials $93,000;
Direct labor $56,500;
Electricity used in the Factory $21,000;
Factory foreperson salary $4,450; and
Maintenance of factory machinery $2,000.
Ax Company's manufacturing overhead costs totaled:
Multiple Choice
-
$56,500.
-
$25,450.
-
$149,500.
-
$27,450.
Homework Answers
Answer:
Option 4th is correct. i.e $27,450.
| Ax Company's manufacturing overhead costs totaled: $ 27,450 | |
| Amount($) | |
| Factory Electricity | 21,000 |
| Factory foreperson salary | 4,450 |
| Maintenance of factory machinery | 2,000 |
| Total Manufacturing Overhead cost | 27,450 |
| All factory costs except direct material and direct labor are overhead costs. | |
Add Answer to:
Ax Company produces
metal belts. During the current month, the company incurred the
following product costs:...
Ax Company produces metal belts. During the current month, the company incurred the following product costs:...
Ax Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $88,000; Direct labor $54,000; Electricity used in the Factory $24,000; Factory foreperson salary $3,700; and Maintenance of factory machinery $2,200. Ax Company's manufacturing overhead costs totaled:
Alton Company produces metal belts. During the current month, the company incurred the following product costs:...
Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $97,000; Direct labor $58,500; Electricity used in the Factory $23,000; Factory foreperson salary $5,050; and Maintenance of factory machinery $2,200. Alton Company's indirect product costs totaled: Multiple Choice $30,250. $28,050. $58,500. $155,500.
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