Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need answers for 1-4. thank you. if you could show how you got the answers that would be great, trying to learn. 1. Compute cost
need answers for 1-4. thank you. if you could show how you got the answers that would be great, trying to learn.
1. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured. 4. Compute cost of goods sold. (Do not consider any underapplied or overapplied overhead.) \begin{tabular}{r|c|c|c|c|c|} \hline & Raw Materials & Work in Process & Finished Goods \\ \hline$21,000 & & & & & \\ \hline$18,000 & & & & & \end{tabular} 1. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured. Factory Overhead for Sales, Mai Cacember Indirect materials Indirect labor Indirect materials: $5,000 Total Qyerhead $42,000 Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% +it +a ble au 1. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured. \begin{tabular}{|l|ll|} \hline r30 December 31 & November 30 & December 31 \end{tabular} Sales, Materials, and Payroll for December \begin{tabular}{|l|ll|} \hline ber 30 December 31 & November 30 & December 31 \end{tabular} Sales, Materials, and Payroll for December Raw materials purchases (paid with cash): $40,000 Sales Sales, Materials, and Payroll for Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started