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S Use the Following Information to Answer the Questions Below. Our Business had the Following Costs and Balances For the Year Ended December 31st
S Use the Following Information to Answer the Questions Below. Our Business had the Following Costs and Balances For the Year Ended December 31st 1. Begin Raw Materials-$22,000 2. Raw Materials Purchased=$155,000 3. Raw Materials Used In-Directly-$33,000 4. Raw Materials Used Directly into BMX Bikes-$88,000 5. Raw Materials Used Directly into Mtn Bikes-$54,000 6. Begin Work-in-Process Costs BMX=ZERO 7. Begin Work-in-Process Costs Mtn Bikes=$26,000 8. Direct Labor Costs for BMX=$50,000 9. Direct Labor Costs for Mtn Bikes-$100,000 10. Finance Costs = $35,000 11. Factory Equipment =$89,000, CPA Costs $55,000, 12. Factory Tools -$25,000, In-Direct Factory Labor-$99,000, 13. Marketing Costs =$18,000, Factory Rent $67,000 14. Manufacturing Overhead is Charged to Jobs using an MOH Rate of 220% of Direct Labor Costs 15. BMX Bikes Unit Details are Shown Below; 1,600 Units were Fully Completed during the Month. 500 Units worn natiall mulated/End WID Init 90%
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