Here are selected data for Bailey Company:Cost of goods manufacturedWork in process inventory, beginningWork in process inventory, endingDirect materials usedManufacturing overhead is allocated at 50% of direct labor cost.What was the amount of direct labor costs?OA. $161,333B. $168,000$320,000109,000104,00073,000OC. $78,000D. $242,000

Total manufacturing costs means cost of direct materials used, cost of direct labour and cost of…

Here are selected data for Bailey Company: Cost of goods manufactured Work in process inventory, beginning Work in process inventory, ending Direct materials used $320,000 109,000 104,000 73,000 Manufacturing overhead is allocated at 50% of direct labor cost. What was the amount of direct labor costs? A. $161,333 OB. $168,000 C. $78,000 OD. $242,000

Here are selected data for Bailey Company: Cost of goods manufactured Work in process inventory, beginning Work in process inventory, ending Direct materials used $320,000 109,000 104,000 73,000 Manufacturing overhead is allocated at 50% of direct labor cost. What was the amount of direct labor costs? A. $161,333 OB. $168,000 C. $78,000 OD. $242,000

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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