Question
ABC Ltd. incurred the following costs during the month: Cost Component Amount ($) Direct Materials $11,280,000 Direct Labor $9,792,000 Variable Overhead $7,776,000 Fixed Overhead $11,280,000
ABC Ltd. incurred the following costs during the month:
Cost Component | Amount ($) |
Direct Materials | $11,280,000 |
Direct Labor | $9,792,000 |
Variable Overhead | $7,776,000 |
Fixed Overhead | $11,280,000 |
Calculate the total manufacturing cost incurred during the month and prepare a cost of goods sold statement using the absorption costing method.
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
