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Mister Tee's is a T shirt manufacturing business with the following fact pattern: One T shirt requires one yard of fabric One yard
Mister Tee's is a T shirt manufacturing business with the following fact pattern: One T shirt requires one yard of fabric " One yard of fabric costs $5 Tee Shirt makers (direct labor) are paid $20/hour " The average cost of manufacture one tee shirt is $6 Tee shirts are sold for $10/each Below is a partially completed Statement of Raw Materials for Period 3 Statement of Raw Materials Period 3, 202X Raw Materials Beginning Inventory Purchases Raw Materials Available for Use Raw Materials Ending Inventory Direct Materials Used How many yards of fabric were purchased in the current period? 2,000 1.800 8,000 O 1,600 Dollars $2,000 $10,000 $9,000 Mister Tee's is a T shirt manufacturing business with the following fact pattern: One T shirt requires one yard of fabric One yard of fabric costs $5 Tee Shirt makers (direct labor) are paid $20/hour . The average cost of manufacture one tee shirt is $6 Tee shirts are sold for $10/each Below is a partially completed Statement of Cost of Good Manufactured for Period 3 Statement of Cost of Goods Manufactured Period 3, 202X Dollars Direct Materials Used $9,000 Direct Labor $2,000 Factory Overhead Total Manufacturing costs for the period $13,400 WIP Beginning Inventory $1,800 WIP Ending Inventory Costs of Goods Manufactured (COGM) $1,400 What was the dollar value of Factory Overhead added in the current period? 2,400 2,000 9.000 11.400
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