Minstrel Manufacturing uses a job costing system. During one month Minstrel bought $195,000 of raw materials on
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Minstrel Manufacturing uses a job costing system. During one month Minstrel bought $195,000 of raw materials on credit; Issued production materials for $208,000 of which $17,000 were indirect. Minstrel incurred factory payroll of $152,000, paid in cash, of which $27,000 was indirect labor. Minstrel uses a default overhead rate of 150% of direct labor cost.
What are the total manufacturing costs added during the period?
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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