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6 Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $90,000 of direct materials costs
6 Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $90,000 of direct materials costs and $120,000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is: $210,000 $270,000 $300,000 $330,000 0.38 pts Question 19 Gannon Company had the following information at December 31: Finished goods inventory, January 1 Finished goods inventory, December $ 30,000 90,000 31 If the cost of goods manufactured during the year amounted to $1,260,000 and annual sales were $1,650,000, the amount of gross profit for the year is $390,000. $1,200,000. $450,000. $330,000. 0.38 pts
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