Question

O out of 10 point Barry Company manufactures coats. The company accounting records during February show. Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000; Direct labor costs - $15,210; Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment - $1,250; Insurance covering factory facilities - $1,100; Marketing expenses - $4,700; Factory supervisor salary - $3,500; Indirect manufacturing materials used - $1.090; Insurance covering administrative facilities. $2,100; Depreciation on administrative office furnishings - $5,500; Corporate executive salaries - 515,000. 1 all overhead costs are assigned to WIP, what are the total amount of manufacturing costs assigned to WIP for February?

Answer 1

Amount Amount $21,650 $15,210 $16,100 Particulars Direct materials used in production Direct labor costs Wages paid to workers providing direct labor Manufacturing overhead: Factory utilities Depreciation on factory equipment Insurance covering factory facilities Factory supervisor salary Indirect manufacturing material used Total manufacturing overhead Total amount of manufacturing overhead costs assigned to WIP $950 $1,250 $1,100 $3,500 $1,090 $7,890 $60,850