Question
ABC Ltd. incurred the following costs during the month: Cost Component Amount ($) Direct Materials $23,800,000 Direct Labor $20,736,000 Variable Overhead $16,516,800 Fixed Overhead $23,800,000
ABC Ltd. incurred the following costs during the month:
Cost Component | Amount ($) |
Direct Materials | $23,800,000 |
Direct Labor | $20,736,000 |
Variable Overhead | $16,516,800 |
Fixed Overhead | $23,800,000 |
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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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
