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Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 December 31 Direct materials $77,000 $40,000 Work in process 66,000 42,000 Finished goods 115,000 100,000 Other information Direct materials purchases $324,000 Cost of goods available for sale 950,000 260,000 Actual factory overhead costs The total manufacturing costs for the year are
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