In December, Sara’s Sodas produced 4.2 million liters of the beverage. Manufacturing overhead was $1,410,000 and the cost per liter was $0.42. Labor costs were 25 percent of materials cost. Required: Calculate the materials cost for December. (Enter your answer in dollars not in millions.) Calculate the labor cost for December. (Enter your answer in dollars not in millions.)

In December, Sara’s Sodas produced 4.2 million liters of the beverage. Manufacturing overhead was $1,410,000 and the cost per liter was $0.42. Labor costs were 25 percent of materials cost. Required: Calculate the materials cost for December. (Enter your answer in dollars not in millions.) Calculate the labor cost for December. (Enter your answer in dollars not in millions.)

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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