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whag is the direct materials cost?? Required information [The following information applies to the questions displayed below.] McAlister, Inc., employs a normal costing system. The
whag is the direct materials cost??
Required information [The following information applies to the questions displayed below.] McAlister, Inc., employs a normal costing system. The following information pertains to the year just ended. - Total manufacturing costs were $1,370,000. - Cost of goods manufactured was $1,338,500. - Applied manufacturing overhead was 20 percent of total manufacturing costs. - Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost. - Work-ln-process inventory on January 1 was 75 percent of work-in-process inventory on December 31. 2. Calculate the total cost of direct material used during the year Step by Step Solution
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