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please answer all questions Selected ledger accounts for Reaim Company are given below for the just completed year: Required: 1. What was the cost of
please answer all questions
Selected ledger accounts for Reaim Company are given below for the just completed year: Required: 1. What was the cost of raw materials put into production during the year? Required. 1. What Was the cost of raw moternals put inte production duniog the yerar? 2. How much of the materials in tequirement 1 consisteid of indinect materfals? 3. How mash of the factory labour cost for the year consinted of indirect labour?? 4. What was the cost of goods manufactured for the year? 4. What was the cost of goods munufactioned for the year? 5. What was the cost of goods sold for the year fbefore considering underappled or ayeraphlied everheadi? 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? 7. Was mariufacturing overthead anderapplied ar oveeapplted? Ay thow much? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending baiance in the Work in Process inventory occount. Assume that this balance consists entirely of goods started during the year, if $32.200 of this beiance Edrect matefals cost how much of it is direct labour cost? Manufacturing overhead cost Step by Step Solution
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