Question
Minstrel Manufacturing uses a job costing system. During one month; Minstrel bought $192,000 of raw materials on credit issued production materials for $211,000 of which
Minstrel Manufacturing uses a job costing system. During one month;
Minstrel bought $192,000 of raw materials on credit
issued production materials for $211,000 of which $14,000 were indirect.
Minstrel incurred factory payroll of $155,000, paid in cash, of which $24,000 was indirect labor.
Minstrel uses a default overhead rate of 150% of direct labor cost.
What would be the total manufacturing costs added during the period?
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Managerial Accounting
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