Homework Answers
4.
Direct labor cost = Overhead Applied / Overhead application rate
= 3000/75%= 4000
Total Cost = Direct Material + Direct Labor + Overhead
9000 = Direct materials+ 4000+3000
9000 = Direct materials+ 7000
Direct materials= 9000-7000= 2000
5. Raw materials used =Beginning Raw Materials + Purchases - Ending Raw Materials
$118000=$57,000 + Purchases -$60,000
Purchases - $3,000 = $118,000
Purchase= $11800+$3000=$121,000
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4) The ending inventory of finished goods has a total cost of $9,000 and consists of...
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Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Budgeted finished goods inventory: ending finished goods inventory in cases unit product cost endine finished poods inventory in dollars Desired ending FG inventory at year end 12,000 cases...
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