Texas Woman's University 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
i. Raw materials were purchased, $443,000.
ii. Raw materials were requisitioned for use in production, $450,000 ($435,000 direct and $15,000
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
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