Cost Accounting
Cost Accounting
15th Edition
ISBN: 9780133428834
Author: Horngren
Publisher: PEARSON
Question
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Chapter 4, Problem 4.35P

(1)(a)

To determine

To compute: The amount of direct manufacturing labor cost in 2014.

Given information:

2014,

Manufacturing overhead allocated is $4,100,000.

Rate of allocation is 250%.

(b)

To determine

To compute: The cost of direct material used in 2014.

Given information:

2014,

Manufacturing overhead allocated is $4,100,000.

Total manufacturing cost is $8,300,000.

Direct manufacturing labor cost is $1,640,000.

2.

To determine

To compute: The closing work in progress (WIP) inventory in 2014.

Given information:

2014,

Opening work in progress inventory is $420,000.

Total manufacturing cost is $8,300,000.

Cost of finished goods is $8,100,000.

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