Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24,000 Work in process $23,000 $17,000 Finished goods
X Corporation reported the following data for the month of August: | ||||
Inventories: | Beginning | Ending | ||
Raw materials | $36,000 | $24,000 | ||
Work in process | $23,000 | $17,000 | ||
Finished goods | $37,000 | $55,000 | ||
Additional information: | ||||
Budgeted manufacturing overhead cost | $672,000 | |||
Budgeted direct labor cost | $1,680,000 | |||
Raw materials purchased | $79,000 | |||
Manufacturing overhead cost incurred | $51,975 | |||
Indirect materials included in manufacturing overhead cost incurred | $8,000 | |||
Manufacturing overhead cost applied to Work in Process using direct labor cost | 37800 | |||
Job #82 started in August | ||||
Direct materials used | $4,000 | |||
Direct labor cost | $6,000 | |||
Round your answers to the nearest dollar. Fill in the blank without $ or comma or period, e.g., 12345 | ||||
What was Job# 82's total manufacturing cost in August using normal costing? | ||||
[1] |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started