A company’s ending inventory of finished goods has a total cost of $20,000 and consists of...
A company’s ending inventory of finished goods has a total cost of $20,000 and consists of 800 units. If the overhead applied to these goods is $8,000, and the predetermined overhead rate is 80% of direct labor costs, how much direct materials cost was incurred in producing these 800 units?
Homework Answers
Answer:- Direct materials cost was incurred in producing these 800 units= $2000.
Explanation:- Total cost =Direct material + Direct labor+ Overhead
$20000 = Direct material + ($8000/80%)+$8000
Direct material =$20000-$10000-$8000
= $2000
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