Question
ABC Ltd. incurred the following costs during the month: Cost Component Amount ($) Direct Materials $19,440,000 Direct Labor $16,944,000 Variable Overhead $13,537,600 Fixed Overhead $19,440,000
ABC Ltd. incurred the following costs during the month:
Cost Component | Amount ($) |
Direct Materials | $19,440,000 |
Direct Labor | $16,944,000 |
Variable Overhead | $13,537,600 |
Fixed Overhead | $19,440,000 |
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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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
