Question: B, D, E, F especially please Partially completed T-accounts and additional information for Cardinals, Inc, for the month of November appear as follows. Additional information
Partially completed T-accounts and additional information for Cardinals, Inc, for the month of November appear as follows. Additional information for November follows: - Labor wage tate was $25 per hour. - Manufacturing overhead is applied at $25 per direct labor-hour. - During the month, sales revenue was $305,000, and selling and administrative costs were $55,000. - This company has no indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was appled to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in. Process Inventory account at the end of November? e. What was the over-or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied ovethead is written off to Cost of Goods Sold
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
