What is the cost of manufacturing What is the total manufacturing cost? Davao Company employs normal costing

What is the cost of manufacturing
What is the total manufacturing cost?

 

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Davao Company employs normal costing of its production. The following data are provided during the current year Net purchases of Raw materials during the year Total Labor Cost during the year Depreciation of factory assets during the year Utilities on the factory during the year Increase in Raw Materials Inventory Decrease in Work in Process Inventory Decrease in Finished Goods Inventory 1,000,000.00 1,600,000.00 200,000.00 The indirect labor cost is 1/8 of direct labor costs The applied overhead rate is 80% of direct labor costs Any over and under application of overhead is considered material 200,000.00 600,000.00 600,000.00 The entity uses a single account for its direct materials and indirect materials. Indirect Material used is 1/4 of Direct Materials Used Davao Company employs normal costing of its production. The following data are provided during the current year Net purchases of Raw materials during the year Total Labor Cost during the year Depreciation of factory assets during the year Utilities on the factory during the year Increase in Raw Materials Inventory Decrease in Work in Process Inventory Decrease in Finished Goods Inventory 1,000,000.00 1,600,000.00 200,000.00 The indirect labor cost is 1/8 of direct labor costs The applied overhead rate is 80% of direct labor costs Any over and under application of overhead is considered material 200,000.00 600,000.00 600,000.00 The entity uses a single account for its direct materials and indirect materials. Indirect Material used is 1/4 of Direct Materials Used

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