Harrison Company reports the following cost information for August: Cost of good manufactured Direct materials used $135,800 25,300 Work in process inventory, Aug. 1 22,500 Work in process inventory, Aug. 31 18,500 Direct labor incurred 63,900 What is the amount of manufacturing overhead incurred by Harrison Company in August? a. $25,300 b. $61,944 c. $42,600 d. $63,900

Harrison Company reports the following cost information for August: Cost of good manufactured Direct materials used $135,800 25,300 Work in process inventory, Aug. 1 22,500 Work in process inventory, Aug. 31 18,500 Direct labor incurred 63,900 What is the amount of manufacturing overhead incurred by Harrison Company in August? a. $25,300 b. $61,944 c. $42,600 d. $63,900

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 6E: The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000...

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SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials. Work in process, January 1 77,000 Materials inventory, January 1 31,000 Materials purchases 35,000 Materials inventory, December 31 26,000 Direct labor 48,000 Overhead 20,000 Work in process, December 31 62,000
During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
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SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials. Work in process, January 1 20,500 Materials inventory, January 1 11,000 Materials purchases 12,000 Materials inventory, December 31 13,000 Direct labor 9,500 Overhead 5,500 Work in process, December 31 10,500
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