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All Within Reach produces screens for use in various smartphones. The company reports the following information at December 31. All Within Reach began operations on
All Within Reach produces screens for use in various smartphones. The company reports the following information at December 31. All Within Reach began operations on January 31 earlier that same year. (Click the icon to view additional information.) Read the requirements Requirement 1. What is the cost of direct materials used? The cost of direct materials used is More info Work in Process Manufacturing Finished Goods Inventory 114,000 Raw Materials Inventory 56,000 35,000 Inventory Wages Payable Overhead 30,000 127,500 71,000 71,000 5,000 45,000 127,500 60,000 11,000 45,000 Balance 0 37,000 Print Done X uirements Requirements Requirements at 1. What i direct mate 1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labor? 4. What is the cost of indirect labor? 5. What is the cost of goods manufactured? 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? 7. What is the actual manufacturing overhead? 8. How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? 10. Is manufacturing overhead underallocated or overallocated? By how much? Print Done - X
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