During 2020, Banyan Manufacturing expected Job No. 75 to cost $600,000 of overhead, $500,000 of materials,...

 

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During 2020, Banyan Manufacturing expected Job No. 75 to cost $600,000 of overhead, $500,000 of materials, and $400,000 in labor. Banyan applied overhead based on direct labor cost. Actual production required an overhead cost of $550,000, $800,000 in materials used, and $320,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? O $1,720,000 O $1,600,000 O $1,500,000 O $1,670,000 During 2020, Banyan Manufacturing expected Job No. 75 to cost $600,000 of overhead, $500,000 of materials, and $400,000 in labor. Banyan applied overhead based on direct labor cost. Actual production required an overhead cost of $550,000, $800,000 in materials used, and $320,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? O $1,720,000 O $1,600,000 O $1,500,000 O $1,670,000

Answer rating: 100% (QA)

Answer Option D1670000 Explanation Anawin The amount drowfaused to Jinished goods is Calculated a... View the full answer