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Madtack Company's beginning and ending inventories for the month of November are: November 1 November 30 DM $67,000 $145,000 $62000 WP $171,000 FG $85,000 $78,000 Production data for the month of November Direct labor $2000 Actual factory overhead DM purchased Transportation in Purchase returns and allowances 132000 163,000 4,000 2,000 Madtack uses on factory overhead control account and charges factory overhead to production at 70% of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end What is Madtack's total manufacturing cost for November?

Madtack Company's beginning and ending inventories for the month of November are: November 1 November 30 DM $67,000 $145,000 $62000 WP $171,000 FG $85,000 $78,000 Production data for the month of November Direct labor $2000 Actual factory overhead DM purchased Transportation in Purchase returns and allowances 132000 163,000 4,000 2,000 Madtack uses on factory overhead control account and charges factory overhead to production at 70% of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end What is Madtack's total manufacturing cost for November?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 62P: (Appendix 4A) Overhead Application, Journal Entries, Job Cost At the beginning of the year, Smith...
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Question 4: Madtack Company's beginning and ending inventories for the month of November are: November 1 November 30 DM $67,000 $62.000 WP $145,000 $171,000 FG $85,000 $78,000 Production data for the month of November Direct labor $200,000 Actual factory overhead DM purchased Transportation in 132,000 163,000 4,000 Purchase returns and allowances 2000 Madtack uses on factory overhead control account and charges factory overhead to production at 70% of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end What is Madtack's total manufacturing cost for November?
Transcribed Image Text:Question 4: Madtack Company's beginning and ending inventories for the month of November are: November 1 November 30 DM $67,000 $62.000 WP $145,000 $171,000 FG $85,000 $78,000 Production data for the month of November Direct labor $200,000 Actual factory overhead DM purchased Transportation in 132,000 163,000 4,000 Purchase returns and allowances 2000 Madtack uses on factory overhead control account and charges factory overhead to production at 70% of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end What is Madtack's total manufacturing cost for November?
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