Determine the missing amount for each separate situation involving manufacturing costs. Direct materials used Direct labor used Factory overhead Total manufacturing costs $ (1) 8,900 $ 4,900 5,900 $ (2) 14,900 23,900 50,900 $ (3) 18,900 22,900 72,900

Determine the missing amount for each separate situation involving manufacturing costs. Direct materials used Direct labor used Factory overhead Total manufacturing costs $ (1) 8,900 $ 4,900 5,900 $ (2) 14,900 23,900 50,900 $ (3) 18,900 22,900 72,900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Determine the missing amount for each separate situation involving manufacturing costs.
Direct materials used
Direct labor used
Factory overhead
Total manufacturing costs
$
(1)
8,900 $
4,900
5,900
S
(2)
14,900
23,900
50,900
$
(3)
18.900
22,900
72.900

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Step 1: Introduce to total manufacturing cost

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Step 2: Working for total manufacturing cost of Situation 1

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Step 3: Working for direct labor used of situation 2

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Step 4: Working for direct material used of Situation 3

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