Question
PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK! Leonard Company has the following costs in its manufacturing company Factory rent $3,673 Direct labor 6,295 Indirect
PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK!
Leonard Company has the following costs in its manufacturing company
| Factory rent | $3,673 |
| Direct labor | 6,295 |
| Indirect materials | 694 |
| Direct materials used | 6,723 |
| Sales commissions | 2,365 |
| Factory managers salary | 2,726 |
| Advertising | 867 |
What are Leonard Company's total manufacturing cost?
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Ginobili Corp has the following information:
| Beginning Inventory (1/1) | Ending Inventory (12/31) | ||||
| Raw Materials Inventory | $ | 20,605 | $ | 21,546 | |
| Work in Process Inventory | $ | 11,874 | $ | 9,354 | |
| Finished Goods Inventory | $ | 15,397 | $ | 17,897 | |
Additional information for the year is as follows:
| Raw materials purchases | $ | 56,222 |
| Direct labor | $ | 43,238 |
| Manufacturing overhead applied | $ | 47,167 |
| Indirect materials | $ | 2,125 |
Compute the direct materials used in production.
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