8 student answer large cases 900000 12000 75 per

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8 Student Answer: Large cases: $900,000 / 12,000 = $75 per machine hour Medium cases: $1,404,480 / 15,960 = $88 per machine hour Small cases: $1,350,000 / 12,000 = $112.50 per machine hour Instructor Explanation: Large Cases - $900,000/12,000 = $75.00 per machine hour Medium Cases - $1,404,480/15,960 = $88.00 per machine hour Small Cases - $1,350,000/12,000 = $112.50 per machine hour
Points Received: 30 of 30 Comments: Great Answer Question 7. Question : (TCO 2) Fred Co. incurred costs of $800,000 for direct materials (raw) purchased. Direct labor was $5,000 and factory overhead was $15,000 for March. Inventories were as follows: Raw materials beginning $2,000; raw materials ending $4,000; Work-in-process beginning $210,000; work-in-process ending $190,000; Finished goods beginning $13,000; finished goods ending $12,500; What is the cost of goods manufactured? Please show your work.
Points Received: 30 of 30 Comments: Great Answer

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