The information below has been taken from the cost records of Tercel Company for the past...
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The information below has been taken from the cost records of Tercel Company for the past year: Raw materials used in production (all direct) Total manufacturing costs charged to jobs during the year (includes raw materials, direct labour, and manufacturing overhead applied at the rate of 60% of direct labour cost) Cost of goods available for sales Selling and administrative expenses Raw materials (all direct) Work in process Finished goods Inventories Beginning $80.000 100,000 110,500 $326,000 $660,600 $826,000 $45,000 Ending $85,000 50.000 120,500 What amount of direct labour cost was charged to production during the year? The information below has been taken from the cost records of Tercel Company for the past year: Raw materials used in production (all direct) Total manufacturing costs charged to jobs during the year (includes raw materials, direct labour, and manufacturing overhead applied at the rate of 60% of direct labour cost) Cost of goods available for sales Selling and administrative expenses Raw materials (all direct) Work in process Finished goods Inventories Beginning $80.000 100,000 110,500 $326,000 $660,600 $826,000 $45,000 Ending $85,000 50.000 120,500 What amount of direct labour cost was charged to production during the year?
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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