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Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $207,000 of raw materials on credit; issued materials to production of
Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $207,000 of raw materials on credit; issued materials to production of $204,000 of which $21,000 were indirect. Bard incurred a factory payroll of $159,000, paid in cash, of which $31,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The total manufacturing costs added during the period are: $524,000. $580,500. $503,000. $601,500. $549,500.
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