Chapter 7, Problem 7.7DMP

Direct materials used totaled $78,320; direct labor incurred totaled $215,640; manufacturing overhead totaled $298,750; Work in Process Inventory on January 1, 2023, was $157,830; and Work in Process Inventory on December 31, 2023, was $142,940. What is the cost of goods manufactured for the year ended December 31, 2023?

The constitution margin per unit was

Lumen Products, which uses the high-low method, had total costs of $32,000 at its lowest level of activity when 6,000 units were sold. At its highest level of activity, total costs were $50,000 when 11,000 units were sold. Lumen would estimate fixed costs as _.

I am trying to find the accurate solution to this general accounting problem with the correct explanation.

I am looking for help with this financial accounting question using proper accounting standards.

I need help with this problem and accounting question

I need help finding the accurate solution to this general accounting problem with valid methods.

Please explain the solution to this general accounting problem using the correct accounting principles.

Please provide the correct answer to this general accounting problem using valid calculations.