Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 41 Reference: 05-02 1 points Mallet Company has only Job 314 in process on March of the current year. The job has been charged

image text in transcribed
Question 41 Reference: 05-02 1 points Mallet Company has only Job 314 in process on March of the current year. The job has been charged with 12.000 of direct materials 2.500 of director and $1,750 of manufacturing overhead cost. The company ass overhead cost to jobs at predetermined rate of 70 of direct about Any under replied read cost is closed out to Cost of Goods Sold at the end of the month During March the following activity and amounts were recorded by the company Raw materials (all direct materials Purchased during the month 1322 Used in production 50 Labour Direct labour hours worked durine month 2500 Direct labour cost incurred DO Indirect labour costs incurred 35500 Manufacturing overhead concurred total Inventories Raw materials call direct Marchal 15700 Work in process March Work in Process inventory contains $5.500 of direct labour cost ISTILO 114500 What is the cost of goods manufactured for March? 567,300 567,250 $81,800 575.550

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Authors: Mark Lee Inman

1st Edition

0434908304, 9780434908301

More Books

Students also viewed these Accounting questions

Question

Explain the testing process of accounting 2?

Answered: 1 week ago