Question
Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November: Molding
Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November:
Molding | Grinding | Finishing | |
---|---|---|---|
Department | Department | Department | |
Direct materials | $144,100 | $16,100 | $10,500 |
Direct labor | 14,600 | 34,400 | 22,800 |
Applied overhead | 17,400 | 136,000 | 18,900 |
During November, 8,900 components were completed. There is no beginning or ending WIP in any department.
. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. Refer to the list of Amount Descriptions for the exact wording of text items within your schedule.
Amount Descriptions | |
Applied overhead | |
Costs added | |
Direct labor | |
Direct materials | |
From Finishing | |
From Grinding | |
From Molding | |
Total manufacturing cost | |
Work in process |
Molding Dept. | Grinding Dept | Finishing Dept. | |
---|---|---|---|
Costs transferred in: | |||
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