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During 2020 Concord Manufacturing expected Job 25 to cost $74100 of overhead, $129100 of material, and $24500 in labour. Caruba applied overhead based on direct
During 2020 Concord Manufacturing expected Job 25 to cost $74100 of overhead, $129100 of material, and $24500 in labour. Caruba applied overhead based on direct labour cost. Actual production required an overhead cost of $79900, $140400 in materials used, and $19600 in labour. All of the goods were completed. What amount was transferred to Finished Goods? $239900 $227700 $219280 $207980 Vaughn Manufacturing Company reported the following year-end information: $75000 20200 73200 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labour Manufacturing overhead 23000 218000 166000 80700 How much is Vaughn Manufacturing's cost of goods manufactured for the year? $464700 $460100 $463700 $466500 As of December 31, 2020, Vaughn Industries had $980 of raw materials inventory. At the beginning of 2020, there was $750 of materials on hand. During the year, the company purchased $121300 of materials, however paid for only $117400. How much inventory was requisitioned for use on jobs during 2020? $121530 $117630 $117170 $121070 Crane's Manufacturing calculated its predetermined overhead rate to be 180% of direct materials costs. For the month of July, the company incurred $119300 of raw material costs, of which $90200 were direct materials, and $29100 were indirect materials. Actual overhead incurred was $174500. What would be the debit entry to the Work in Process Inventory account for July with respect to manufacturing overhead? $174500 $162360 $214740 $zero, the account should be credited
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