As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $15,000 $12,000 59.000 $6,000 1 of 1 November 30 December 31 November 30 December 31 November 30 December 31 Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials Indirect labor Factory payroll Raw materials purchases Total Overhead $42,000 Sales Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% $%+ableau TO 1. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured 4. Compute cost of goods sold. (Do not consider any underapplied or overapplied overhead.) 1. Cost of direct labor used 2. Cost of direct materials used 3. Cost of goods manufactured 4. Cost of goods sold Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials Indirect labor Raw materials Raw materials purchases (paid with cash): S40,000 Total Overhead $42,000 Sales Other overhead costs Predetermined Overhead Rate November 30 December 31 November 30 December 31 November 30 Factory Overhead for December Sales, Materials, and Decembe Indirect materials Indirect labor Raw! Factory payroll pur Indirect labor: $7,000 Sales As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $15,000 $12,000 59.000 $6,000 1 of 1 November 30 December 31 November 30 December 31 November 30 December 31 Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials Indirect labor Factory payroll Raw materials purchases Total Overhead $42,000 Sales Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% $%+ableau TO 1. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured 4. Compute cost of goods sold. (Do not consider any underapplied or overapplied overhead.) 1. Cost of direct labor used 2. Cost of direct materials used 3. Cost of goods manufactured 4. Cost of goods sold Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials Indirect labor Raw materials Raw materials purchases (paid with cash): S40,000 Total Overhead $42,000 Sales Other overhead costs Predetermined Overhead Rate November 30 December 31 November 30 December 31 November 30 Factory Overhead for December Sales, Materials, and Decembe Indirect materials Indirect labor Raw! Factory payroll pur Indirect labor: $7,000 Sales
