22. Peter Company provided the following data for the year ended December 31, 2020: Raw materials purchases Total manufacturing costs Decrease in raw materials inventory Decrease in work in process inventory Increased in finished finished goods inventory45,000 Gross margin ratio Factory overhead is applied at 60% of direct labor. How much is the factory overhead cost incurred? P 80,000 220,000 4,000 20,000 40%
22. Peter Company provided the following data for the year ended December 31, 2020: Raw materials purchases Total manufacturing costs Decrease in raw materials inventory Decrease in work in process inventory Increased in finished finished goods inventory45,000 Gross margin ratio Factory overhead is applied at 60% of direct labor. How much is the factory overhead cost incurred? P 80,000 220,000 4,000 20,000 40%
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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