Answered

IDNLearn.com provides a collaborative environment for finding and sharing knowledge. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.

Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs
(1) $42,700 $64,200 $52,500 $enter a dollar amount
(2) $enter a dollar amount $78,100 $144,000 $298,000
(3) $57,400 $enter a dollar amount $113,000 $314,000

Sagot :

Answer and Explanation:

The computation of the missing amount is as follows:

As we know that

The total manufacturing cost = Direct Materials Used  + Direct Labor Used + Factory Overhead

So,

(1)

= $42,700 + $64,200 + $52500

= $159,400

(2)

= $298,000 - $78,100 - $144,000

= $75,900

(3)

= $314,000 - $57,400 - $113,000

= $143,600

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for visiting IDNLearn.com. We’re here to provide accurate and reliable answers, so visit us again soon.