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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.image text in transcribed

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?

- X More info Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 31,000 125,000 76,000 76,000 4,000 45,000 125,000 114,500 56,500 35,000 62,000 14,000 45,000 Balance 0 41,000 Print Done

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