Explore our Solution Library

Number of Views - 1561 157

City University Of New York Operations And Supply Chain Management Assignment Help - Alake Company


Question - Raw materials $ 19,000

Work in process $82,000

Finished goods $ 32,000

The company applies overhead to jobs using a predetermined overhead rate based on machine-
hours. At the beginning of the year, the company estimated that it would work 36,000 machine-hours
and incur $216,000 in manufacturing overhead cost. The following transactions were recorded for the
year:

i. Raw materials were purchased, $443,000.
ii. Raw materials were requisitioned for use in production, $450,000 ($435,000 direct and $15,000
indirect).
iii. The following employee costs were incurred: direct labor, $229,000; indirect labor, $54,000; and
administrative salaries, $117,000.
iv. Selling costs, $119,000.
v. Factory utility costs, $21,000.
vi. Depre ...Read More

Solution Preview - No Solution Preview Available

Found What You Need?

Scroll down to find more if you need to find our more features