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The following T-accounts record the operations of Vaughn Co.: Assume all raw materials are direct materials. Raw Materials 27

Question 1 of 1 < > Finished Goods 44,000 Beginning Balance COGM ? 645,000 Ending Balance 15,000 (a) Calculate the amount of

how do I calculate the overhead...

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Answer #1

Solution:

a. Raw materials purchased = $234,000

b. Cost of goods manufactured = $616,000

c. Cost of total manufacturing overhead cost = $608,000

Explanation:

a.

Raw materials purchased during the period = 234,000 which is already given in raw materials account

b.

Cost of goods manufactured during the period = 645000 + 15000 - 44000 = 616,000

c.

cost of total manufacturing overhead cost = Direct material + direct labour + Overhead

= 245000 + 165000 + 198000 * = 608,000

* Overhead = 198,000 = 616000 + 27000 - 35000 - 245000 - 165000

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