Total manufacturing cost=Direct materials+Direct labor+Factory overhead
=65300+199700+403000=668000
Cost of goods manufactured=Beginning WIP+Total manufacturing cost-Ending WIP
=188100+668000-192600
=$663500
Consider Derek's budget information: materials to be used, $65,300; direct labor, $199,700; factory overhead, $403,000; work...
Consider Derek's budget information: materials to be used, $64,500; direct labor, $198,700; factory overhead, $400,300; work in process inventory on January 1, $185,000; and work in progress inventory on December 31, $194,700. What is the budgeted cost of goods manufactured for the year? a.$653,800 b.$194,700 c.$848,500 d.$663,500
Consider Derek's budget information: materials to be used totals $63,300; direct labor totals $202,000; factory overhead totals $393,900; work in process inventory January 1, $187,200; and work in progress inventory on December 31, $193,400. What is the budgeted cost of goods manufactured for the year? Oa. $193,400 Ob. $846,400 Oc. $653,000 Od. $659,200
Consider Derek's budget information: materials to be used, $64,800; direct labor, $201,500; factory overhead, $398,800; work in process inventory on January 1, $185,600; and work in progress inventory on December 31, $197,000. What is the budgeted cost of goods manufactured for the year? a.$653,700 b.$850,700 c.$197,000 d.$665,100 Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of...
Calculate the cost of goods manufactured using the following information: Direct materials Direct labor Factory overhead costs General and administrative expenses Selling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 $300,200 133, 700 265,700 87,200 50,500 120,200 127,600 233,800 240,400 Multiple Choice O $685,600. O $699,600. Help Save & Exit Su Multiple Choice Ο Ο $685,600. Ο Ο $699,600. Ο Ο $692,200. Ο Ο $779,400....
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Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor Factory overhead Total...
Cost of goods sold budget Pasadena Candle Inc. A budget of estimated unit production.budgeted production of 785,000 candles for the year. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for the year. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during the year. If candle wax costs $1.24 per pound, determine the direct materials...
1. Three costs in every product are direct materials, direct labor, and period costs direct materials, work in process, and manufacturing overhead direct materials, direct labor, and manufacturing overhead direct materials, work in progress, and finished goods 2. What is the journal entry for under applied overhead? Manufacturing overhead Finished Goods Inventory Finished Goods Inventory Manufacturing Overhead Manufacturing overhead Cost of goods sold Cost of goods sold Manufacturing overhead 3. Use a piece of scrap paper...
the
product costs for the direct materials, direct labor, and overhead.
Then the period costs for selling and admin. Then the totals
highlighted in yellow and the total manufacturing costs. also the
cost per table
Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during...