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QUESTION 1 On a piece of paper make a statement of Cost of Goods Manufactured and find TWO correct answers. Drect materials $20,000. Direct Labor
QUESTION 1 On a piece of paper make a statement of Cost of Goods Manufactured and find TWO correct answers. Drect materials $20,000. Direct Labor $25,000. Manufacturing Overhead $5000 Beginning work in process $10000. Ending work in process $2000 total manufacturing costs are $12000 total manufacturing costs are $58,000 total manufacturing costs are $50,000 total cost of goods manufactured is $58,000 total cost of goods manufactured is $40.000 QUESTION 2 I have budgeted 5400000 in overhead costs and 40,000 machine hours. I actually spent $410 000 in owerhead and used 3000 machine hours A $20,000 cost of goods sok 20000 - budgeted overhead per machine hour Manufacturing overhead applied overhead under or over applied overhead? Cost of good so How much over or under applied? journal entry to correct overhead F 30.000 51 QUESTION 3 Match the following with the type of entory i am descong Pay close attention to the dates - October 1 l have a stack of wood A Beginning work Process or D.cost of goods old QUESTION 4 Check TWO that are part of manag ed Oo here to search
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