The following data are available for ABC Corp: Budgeted Overhead is 100,000; Budgeted Direct labor hours is 25,000 hours; Direct labor rate is 10 per hour; actual direct labor hours is 15,000 hours; ;raw materials used is 120,000; indirect labor of 10,000, indirect materials used of 5,000;other overhead cost of 40,000; WIP increased by 8,000 and Finished Goods decreased by 2,000. What is the cost of goods sold at normal cost? Assume that under or overapplied overhead is immaterial.
The following data are available for ABC Corp: Budgeted Overhead is 100,000; Budgeted Direct labor hours is 25,000 hours; Direct labor rate is 10 per hour; actual direct labor hours is 15,000 hours; ;raw materials used is 120,000; indirect labor of 10,000, indirect materials used of 5,000;other overhead cost of 40,000; WIP increased by 8,000 and Finished Goods decreased by 2,000. What is the cost of goods sold at normal cost? Assume that under or overapplied overhead is immaterial.
Chapter1: Financial Statements And Business Decisions
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The following data are available for ABC Corp: Budgeted Overhead is 100,000; Budgeted Direct labor hours is 25,000 hours; Direct labor rate is 10 per hour; actual direct labor hours is 15,000 hours; ;raw materials used is 120,000; indirect labor of 10,000, indirect materials used of 5,000;other overhead cost of 40,000; WIP increased by 8,000 and Finished Goods decreased by 2,000. What is the cost of goods sold at normal cost? Assume that under or overapplied overhead is immaterial.
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