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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $197,000 of raw materials on credit; issued materials to production of $206,000
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $197,000 of raw materials on credit; issued materials to production of $206,000 of which $19,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $29,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are:
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