Question
Assume the ending raw materials inventory is $1,700 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured.
Assume the ending raw materials inventory is $1,700 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured.
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
| Estimated total fixed manufacturing overhead | $ | 13,500 |
| Estimated variable manufacturing overhead per direct labor-hour | $ | 1.70 |
| Estimated total direct labor-hours to be worked | 2,700 | |
| Total actual manufacturing overhead costs incurred | $ | 17,100 |
|
| ||
| Job P | Job Q | |||
| Direct materials | $ | 17,600 | $ | 8,700 |
| Direct labor cost | $ | 32,400 | $ | 7,200 |
| Actual direct labor-hours worked | 1,800 | 400 | ||
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An Audit Of Police Oversight In Africa
Authors: African Police Oversight Forum
1st Edition
1920299173, 978-1920299170
