Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a
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Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts
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Case 1 Case 2 Case 3 Direct materials used Direct labor Manufacturing overhead appled Total manutacturing costs 20,000 10.000 $ 26,000 $ 45,000 $ 95,000 $ 35,000 Beginning Work in Process 10,000 6,000 Ending Work in process Cost of goods manutactured Beginning Finished Goods Ending Finished Goods 10,000 8,000 $ $ 93,000 $ 36,000 12,000 $ 12,000 15,500 4,000 Cost of goods soid (unadjusted) 37,000 91,000 $
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Case 1 Case 1 Direct Material Used 2000000 Direct Labor 2500000 Manufacturing Overhead Applied 150 Direct Labor 3750000 Total Manufacturing Cost Direc...View the full answer
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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