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 Direct Material-December 31 Amount $100,000 73,000 40,000 10,000 42,000 8,000 Finished Goods Inventory-December 31 60,000 Net Income Direct Materials Used 15,000 32,000 55,000 Cost of Goods Sold Use this information to determine the dollar amount of Bravo's Direct Labor Costs for the fiscal year.

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 Direct Material-December 31 Amount $100,000 73,000 40,000 10,000 42,000 8,000 Finished Goods Inventory-December 31 60,000 Net Income Direct Materials Used 15,000 32,000 55,000 Cost of Goods Sold Use this information to determine the dollar amount of Bravo's Direct Labor Costs for the fiscal year.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...

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Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 548,000; beginning inventory of direct materials, 36,000; and ending inventory of direct materials, 23,000. Totals from other budgets included:
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