Question
Bantam Company had the following inventories at the beginning and end of March: March 1 March 31 Direct materials $39,000 $35,000 Work-in-process $18,000 $12,000 Finished
Bantam Company had the following inventories at the beginning and end of March:
March 1 March 31
Direct materials $39,000 $35,000
Work-in-process $18,000 $12,000
Finished goods $54,000 $72,000
The following additional manufacturing cost data were available for the month of March:
Direct materials purchased $86,000
Direct labour payroll $75,000
Direct labour rate per hour $7.50
Factory overhead rate per direct labour hour $10.00
During March, prime cost added to production was
| a. | $165,000 | |
| b. | $145000 | |
| c. | $95,000 | |
| d. | $185,000 |
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Payroll Accounting
Authors: Bernard J. Bieg, Judith Toland
21st Edition
1111531056, 978-1111531058
