Cost data on the activities of Columbia Manufacturing for May are as follows: (c) 4,250 direct labor

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Cost data on the activities of Columbia Manufacturing for May are as follows:
Cost data on the activities of Columbia Manufacturing for May

(c) 4,250 direct labor hours were worked in May. Laborers work a 40-hour week and are paid $22 per hour for the regular shift and time-and-a-half for each hour of overtime. Of the 4,250 hours, 250 hours were worked in overtime in May. The company treats the overtime premium as a part of overhead.
Required:
(1) Calculate the factory overhead incurred in May.
(2) Determine the cost of goods manufactured in May.
(3) Determine the ending balance in finished goods at May 31.

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Related Book For  answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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