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Gentile Manufacturing uses normal casting for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category
Gentile Manufacturing uses normal casting for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category (manufacturing overhead). The following information is obtained for 2014 (Click the icon to view the data) Requirements 1. 2 Use information in the first two bullet points to calculate (a) direct manufacturing labor costs in 2014 and (b) cost of direct materials used in 2014. Calculate the ending work-in-process inventory on December 31, 2014. Requirement 1. Use information in the first two bullet points to calculate (a) direct manufacturing labor costs in 2014 and (b) cost of direct materials used in 2014. (Abbreviation used: Manuf. Manufacturing.) (a) First identify the formula to calculate the direct manufacturing labor costs. Manufacturing overhead allocated / Manufacturing overhead rate The direct manufacturing labor costs in 2014 is $ Help me solve this Etext pages Get more help - More info Total manufacturing costs, $8,350,000 Manufacturing overhead allocated, $4.100.000 (allocated at a rate of 200% of direct manufacturing labor costs) Work-in-process inventory on January 1, 2014, $330,000 Cost of finished goods manufactured, $8,000,000 Print Done Clear all Check answer
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