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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.

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, November 30: $10,000

Raw Materials, December 31: $12,000

Work in process, November 30: $15,000

Work in process, December 31: $20,000

Finished goods, November 30: $7,500

Finished goods, December 31: $10,000

FACTORY OVERHEAD

Total Overhead: $42,000

Indirect materials: $5000

Indirect labor: $7000

Other overhead costs: $30,000

SALES, MATERIALS, AND PAYROLL FOR DECEMBER

Factory Payroll (paid with cash): $57,000

Raw materials purchases (paid with cash): $40,000

Sales (received in cash): $200,000

PREDETERMINED OVERHEAD RATE

Predetermined overhead rate based on direct labor cost: 70%

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 underapplied or overapplied overhead)

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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 $9,000 $6,000 $3,000 + 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% ** tableau 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.)

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