Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
1) 2) 3) Sawyer Company had the following information for the year Direct materials used Direct labor incurred (7,700 hours) Actual manufacturing overhead incurred $192,400
1) 2) 3) Sawyer Company had the following information for the year Direct materials used Direct labor incurred (7,700 hours) Actual manufacturing overhead incurred $192,400 $251,300 $280,100 Sawyer Company used a predetermined overhead rate using estimated overhead of $399,500 and 8,500 estimated direct labor hours Assume the only inventory balance is an ending Finished Goods Inventory balance of $9,500. What was cost of goods manufactured? Sawyer Company used a predetermined overhead rate using estimated overhead of $399,500 and 8,500 estimated direct labor hours Assume the only inventory balance is an ending Finished Goods Inventory balance of $9,500. What was cost of goods manufactured? Multiple Choice $796,100 $843,200 $723,800 $805,600 Manufacturing overhead was estimated to be $372,600 for the year along with 20,700 direct labor hours. Actual manufacturing overhead was $415,300, and actual labor hours were 21,800. The amount debited to the Manufacturing Overhead account would be Multiple Choice $445,500 $392,400 $415,300 $372,600 Ragtime Company had the following information for the year Direct materials used Direct labor incurred (5,600 hours) Actual manufacturing overhead incurred $118,400 $157,500 $172,200 Ragtime Company used a predetermined overhead rate of $37 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,100. What was cost of goods manufactured? Ragtime Company used a predetermined overhead rate of $37 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17100. What was cost of goods manufactured? Multiple Choice $457,200 $466,000 $448,100 $275,900
1)
2)
3)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started