Adding Company applies overhead costs to products based on a pre - determined overhead rate of 8
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Question:
Adding Company applies overhead costs to products based
on a predetermined overhead rate of of direct labor
cost During July, Adding Company reported the following
inventory balances:
July July
Direct materials $ $
Work in process $ $
Finished goods $ $
During July, Adding Company incurred the following costs:
Advertising $
Depreciation, factory equipment $
Direct materials purchased $
Production supervisor's salary $
Indirect materials $
Sales commissions $
CEO's salary $
Insurance, factory building............. $
Direct labor $
Factory utilities $
Depreciation, copier in sales office $
Rent $
Fortyfive percent of the rent relates to the factory
while fiftyfive percent of the rent relates to the
administrative building.
Calculate Adding Company's cost of goods manufactured
for July.
Posted Date: