Danica Corp. provided the following inventory balances and cost data for the month of June. June 1 June 30 Direct Materials 30 000 40 000 Work in Process 15 000 20 000 Finished Goods 65 000 50 000 Production data for the month of June follows: Cost of goods manufactured 515 000 Factory overhead applied 150 000 Direct materials used 190 900 Actual factory overhead 144 000 Required: (INSTEAD OF USING ACTUAL COSTING, USE NORMAL COSTING AND COMPUTE FOR THE COST OF GOODS MANUFACTURED)
Danica Corp. provided the following inventory balances and cost data for the month of June. June 1 June 30 Direct Materials 30 000 40 000 Work in Process 15 000 20 000 Finished Goods 65 000 50 000 Production data for the month of June follows: Cost of goods manufactured 515 000 Factory overhead applied 150 000 Direct materials used 190 900 Actual factory overhead 144 000 Required: (INSTEAD OF USING ACTUAL COSTING, USE NORMAL COSTING AND COMPUTE FOR THE COST OF GOODS MANUFACTURED)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 2CMA: Chassen Company, a cracker and cookie manufacturer, has the following unit costs for the month of...
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Danica Corp. provided the following inventory balances and cost data for the month of June.
| June 1 | June 30 | |
| Direct Materials | 30 000 | 40 000 |
| Work in Process | 15 000 | 20 000 |
| Finished Goods | 65 000 | 50 000 |
Production data for the month of June follows:
| Cost of goods manufactured | 515 000 |
| Factory overhead applied | 150 000 |
| Direct materials used | 190 900 |
| Actual factory overhead | 144 000 |
Required: (INSTEAD OF USING ACTUAL COSTING, USE NORMAL COSTING AND COMPUTE FOR THE COST OF GOODS MANUFACTURED)
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