Ax Company produces metal belts. During the current month, the company incurred the following product costs:...

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Ax Company produces metal belts. During the current month, the company incurred the following product costs:...

Ax Company produces metal belts. During the current month, the company incurred the following product costs:

Raw materials $88,000;

Direct labor $54,000;

Electricity used in the Factory $24,000;

Factory foreperson salary $3,700; and

Maintenance of factory machinery $2,200.

Ax Company's manufacturing overhead costs totaled:

business accounting

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Answer 1

Answer #1

Ax Company's manufacturing overhead costs totaled: $ 29,900

Working

Factory Electricity	$ 24,000.00
Factory foreperson salary	$ 3,700.00
Maintenance of factory machinery	$ 2,200.00
Total Manufacturing Overhead cost	$ 29,900.00

All factory costs except direct material and direct labor are overhead costs

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Answer 2

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