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Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663

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BuyFindarrow_forward

Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663
Chapter 15, Problem 11E
Textbook Problem
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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:

Chapter 15, Problem 11E, Cost of direct materials used in production for a manufacturing company Walker Manufacturing Company

Determine the cost of direct materials used in production by Walker during the month ended June 30.

To determine

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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Chapter 15 Solutions

Financial And Managerial Accounting
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