Ch2 - 2-11.Direct labor2.Selling costs3.Direct materials4.Manufacturing overhead 5.Manufacturing overhead administrative and selling

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Unformatted text preview: 2-11.Direct labor2.Selling costs3.Direct materials4.Manufacturing overhead 5.Manufacturing overhead, administrative, and selling costs6.Administrative costs7.Selling costs8.Manufacturing overhead2-4Direct Materials:Beginning raw materials inventory… $55,000Purchases of raw materials… $440,000Raw materials available for use… $495,000Ending raw materials inventory… $65,000Raw materials used in production…$430,000Direct Labor…$215,000Manufacturing Overhead… $380,000Total manufacturing cost…$1,025,000Beginning work in progress inventory… $190,000Ending work in progress inventory… $220,000COST OF GOODS MANUFACTURED… $995,0002-51.Variable2.Fixed3.Fixed4.Variable5.Fixed6.Variable7.Fixed8.Variable9.Fixed10. Fixed2-61.Direct2.Indirect3.Indirect4.Indirect5.Indirect6.Direct7.Indirect8.Direct2-11Direct Materials:Beginning raw materials inventory… $8,000Purchases of raw materials… $132,000Raw materials available for use… $140,000Ending raw materials inventory… $10,000Raw materials used in production…$130,000Direct Labor… $90,000Manufacturing Overhead:Rent, factory… $80,000Indirect labor… $56,300Utilities, factory… $9,000Maintenance, factory… $24,000Supplies, factory… $700Depreciation, factory… $40,000Total manufacturing overhead cost…...
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This note was uploaded on 08/30/2011 for the course ACG 2071 taught by Professor Smith during the Spring '07 term at University of Central Florida.

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Ch2 - 2-11.Direct labor2.Selling costs3.Direct materials4.Manufacturing overhead 5.Manufacturing overhead administrative and selling

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