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What was the cost of raw materials used in production? How much of the materials in (1) above consisted of indirect materials? How much of
- What was the cost of raw materials used in production?
- How much of the materials in (1) above consisted of indirect materials?
- How much of the factory labor cost is indirect labor?
- What was the cost of goods manufactured?
- What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer.
- If overhead is applied to production using direct labor cost, what was the predetermined overhead rate?
- Was manufacturing overhead underapplied or overapplied? By how much?
- Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $10,000 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost?
Problem 3-11 (Algo) T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4] Selected T-accounts of Moore Company are given below for the just completed year: Required: 1. What was the cost of raw materials used in production? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production using direct labor cost, what was the predetermined overhead rate? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $10,00 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. 1. What was the cost of raw materials used in production? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. Complete this question by entering your answers in the tabs below. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $10,000 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost? Required: 1. What was the cost of raw materials used in production? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production using direct labor cost, what was the predetermined overhead rate? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $10,0 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. If overhead is applied to production using direct labor cost, what was the predetermined overhead rate? Complete this question by entering your answers in the tabs below. Was manufacturing overhead underapplied or overapplied? By how much
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