Minstrel Manufacturing uses a job costing system. During one month; Minstrel bought $192,000 of raw materials on
Fantastic news! We've Found the answer you've been seeking!
Question:
Minstrel Manufacturing uses a job costing system. During one month;
Minstrel bought $192,000 of raw materials on credit
issued production materials for $211,000 of which $14,000 were indirect.
Minstrel incurred factory payroll of $155,000, paid in cash, of which $24,000 was indirect labor.
Minstrel uses a default overhead rate of 150% of direct labor cost.
What would be the total manufacturing costs added during the period?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date: