Orole Company purchases $55,000 of raw materials on account and it Incurs $66,000 of factory labor costs.
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Question:
Orole Company purchases $55,000 of raw materials on account and it Incurs $66,000 of factory labor costs. Supporting records show that
(a) Assembly Department used $26,400 of direct materials and $38,500 of direct labor,
(b) The Finishing Department used the remainder Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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