Bravo Company manufactures quality gentlemen's clothing. The following selected financial information for the fiscal year 2016 is provided: Item Sales Cost of Goods Manufactured Direct Material Purchased Factory Overhead Work in Process-January 1 Work in Process-December 31 Direct Material-December 31 Amount $100,000 65,000 40,000 10,000 30,000 15,000 10,000 Finished Goods Inventory-December 31 60,000 Net Income Direct Materials Used Cost of Goods Sold 15,000 30,000 55,000 Use this information to determine the dollar amount of Bravo's Direct Labor Costs for the fiscal year.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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Managerial Accounting

Bravo Company manufactures quality gentlemen's clothing. The following
selected financial information for the fiscal year 2016 is provided:
Item
Sales
Cost of Goods Manufactured
Direct Material Purchased
Factory Overhead
Work in Process-January 1
Work in Process-December 31
Direct Material-December 31
Amount
$100,000
65,000
40,000
10,000
30,000
15,000
10,000
Finished Goods Inventory-December 31 60,000
Net Income
Direct Materials Used
Cost of Goods Sold
15,000
30,000
55,000
Use this information to determine the dollar amount of Bravo's Direct Labor
Costs for the fiscal year.
Transcribed Image Text:Bravo Company manufactures quality gentlemen's clothing. The following selected financial information for the fiscal year 2016 is provided: Item Sales Cost of Goods Manufactured Direct Material Purchased Factory Overhead Work in Process-January 1 Work in Process-December 31 Direct Material-December 31 Amount $100,000 65,000 40,000 10,000 30,000 15,000 10,000 Finished Goods Inventory-December 31 60,000 Net Income Direct Materials Used Cost of Goods Sold 15,000 30,000 55,000 Use this information to determine the dollar amount of Bravo's Direct Labor Costs for the fiscal year.
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