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Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $192,000 of raw materials on credit; issued materials to production of $211,000
Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $192,000 of raw materials on credit; issued materials to production of $211,000 of which $14,000 were indirect. Minstrel incurred a factory payroll of $155,000, paid in cash, of which $24,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are: |
A. $538,500. B. $598,500. C. $584,500. D. $524,500. E.$560,500.
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