Calculate cost of goods manufactured
Direct material | 110000 |
Direct labor | 150000 |
Overhead (5000*35) | 175000 |
Total manufacturing cost | 435000 |
Less: Ending WIP | -17000 |
Cost of goods manufactured | 418000 |
So above statement is true
Acme Company had the following information for the year: Direct materials used Direct labor incurred (5.000...
Jenkins Company had the following information for the year Direct materials used Direct labor incurred (9,700 hours) Actual manufacturing overhead incurred $296,500 $253,200 $350, 100 Jenkins Company used a predetermined overhead rate using estimated overhead of $352,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19.700. What was cost of goods manufactured? Multiple Choice $899,000 $901700 Oo oo 976500 O $882,000
Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,750 hours) Actual manufacturing overhead incurred $119,300 $159,700 $225,550 Ragtime Company used a predetermined overhead rate of $41 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,500. What was adjusted cost of goods sold? Multiple Choice O $504,550 $514,050 O O O $497,250 O $487,050
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Jackson Company had the following information for the year: Direct materials used 297,700 9.200 hours) Actual manufacturing averhead incurred $352,600 Jackson Company used a predetermined overhead rate using estimated overhead of $378,400 and 8,600 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $19,500. How much overhead was applied during the year? O $378,400 O $404,800 O $352,600 O $251,300 O O O O
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