nakeAssignment/takeAssignment Main.do?invoker-takeAssignmentSession Locator &inprogress=false Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $210,000 and incurred direct labor cost of $150,000. Overhead totaled $325,000 for the tronth. Information on Inventories was as follows: September 1 September 30 Materials $110,000 $130,000 Work in process $70,000 $60,000 575,000 Finished goods $75,000 Required: 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September 3. What was the cost of goods manufactured for September? Nend 25 Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formule Based on Monthly Data Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: Overhead Cost = $160,000 + ($56 x Direct Labor Hours) Required: 1. Select the term in the right column that corresponds to the term in the left column. Overhead cost $160,000 556 Direct labor hours 2. If next month's budgeted direct labor hours equal 13,500, what is the budgeted overhead cost? 3. It next quarter's budgeted direct labor hours equal 40, 500, what is the budgeted overhead cost? 4. If next year's budgeted direct labor hours equal 162,000, what is the budgeted averhead cost? Previous Identifying the parts of the Cost Formula; Calculating Monthly, quarterly, and Yearly Costs Using a Cost Formula Based on Monthly Data Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: overhead Cost = $160,000 + ($56 x Direct Labor Hours) Required: 1. Select the term in the right column that corresponds to the term in the left column. Overhead cost $160,000 Dependent variable Fixed cost intercept) Independent variable Variable rate (slope) 2. It next month's budgeteer oreccTour Tours equal 13,500, what is the budgeted overhead cost? $56 Direct labor hours 3. Ir next quarter's budgeted direct labor hours equal 40,500, what is the budgeted overhead cost? 4. If next year's budgeted direct tabor hours equal 162,000, what is the budgeted overhead cost? Previous Next