Buddy Company has just completed its first year of operations. During the year, Buddy Company purchased $
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Question:
Buddy Company has just completed its first year of operations. During the year, Buddy Company purchased $ of materials. The yearend balance reported in the raw materials account was $ $ of the raw materials consumed was considered as indirect materials and entered into manufacturing overhead.
Buddy Company incurred $ in total direct labor wages during the year. Factory workers are paid $ per hour. Total manufacturing overhead during the year amounted to $ which was $ less than estimated. Total factory worker hours were less than estimated. Buddy Companys manufacturing overhead was allocated using direct labor hours as the allocation base. Buddy Company charges any over or underallocated manufacturing overhead to cost of goods sold.
During the year, Buddy Company started and completed Job This job consumed of the total direct direct materials used this year and of the direct labor hours. Determine the total cost for Job
Do not enter dollar signs or commas in the input boxes.
Round the predetermined overhead to decimal places. Round all other answers to the nearest whole number.
Total Direct Material Costs: $Answer
Total Direct Labor Hours: Answer
Total Estimated Direct Labor Hours: Answer
Total Estimated Manufacturing Overhead: $Answer
Predetermined Overhead Rate: $Answer
Direct Material Costs Job : $Answer
Labor Costs Job : $Answer
Manufacturing Overhead Job : $Answer
Total Costs Job : $Answer
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
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