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Cost of direct materials used in production for a manufacturing company Walker Manufacturing Company reported the following materials data for the month ending June 30: Determine the cost of direct materials used in production by Walker during the month ended June 30.
Financial And Managerial Accounting
Solutions
Financial And Managerial Accounting
Cost of direct materials used in production for a manufacturing company
Walker Manufacturing Company reported the following materials data for the month ending June 30:
Determine the cost of direct materials used in production by Walker during the month ended June 30.
Calculate the direct material cost used in production by Company W for the month ended June 30.
Explanation of Solution
Direct Material cost:
Direct material cost is the cost of the material which is directly involved in the production. It constitutes the major portion of the total cost of the finished product. For example: The cost of plastic is the direct material for manufacturing a bottle.
Calculate the direct material cost used in production by Company W for the month ended June 30 as follows:
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