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can someone help me with #8 please and also #3 for indirect labor cost Selected T-accounts of Moore Company are given below for the just
can someone help me with #8 please and also #3 for indirect labor cost
Selected T-accounts of Moore Company are given below for the just completed year: 1. What was the cost of raw materials used in production? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1. What was the cost of raw materials used in production? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. Required: 1. What was the cost of raw materials used in production? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production using direct labor cost, what was the predetermined overhead rate? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $8,50 of this balance is direct labor cost, how much is direct materiais cost? Applied overhead cost? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $8,500 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost Step by Step Solution
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