Colson Manufacturing uses a job order costing system. During one month, Colson purchased $188,000 of raw materials on credit; issued materials to the production of $263,000 of which $17,000 were indirect. Colson incurred a factory payroll of $172,000, of which $25,000 was indirect labor. Colson uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are_.
Colson Manufacturing uses a job order costing system. During one month, Colson purchased $188,000 of raw materials on credit; issued materials to the production of $263,000 of which $17,000 were indirect. Colson incurred a factory payroll of $172,000, of which $25,000 was indirect labor. Colson uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are_.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
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Colson Manufacturing uses a job order costing system. During one month, Colson purchased $188,000 of raw materials on credit; issued materials to the production of $263,000 of which $17,000 were indirect. Colson incurred a factory payroll of $172,000, of which $25,000 was indirect labor. Colson uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are_.
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