QUIZ I_Before Mid Term Exam_21 Oct 2015_Marketing3A_BATCH 2

The following information is available for completed

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5. The following information is available for completed Job No. 402: Direct materials, $120,000; direct labor, $180,000; manufacturing overhead applied, $90,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is Total manufacturing cost = DM + DL + Applied Manufacturing Overhead Cost Total manufacturing cost = $120,000 + $100,000 +$90,000 = $390,000 Manufacturing Cost per unit = $390,000 : 5000 unit produced = $78 Unit produced unit sold = Unit held in finished good inventory (FGI) = 5000 4000 unit = 1000 unit Cost of FGI on hand = 1000 unit x $78 = $78,000
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