Solve Question 3 800,000640,000140,000In process, ondirig Inventory.flequired:(1) Calculate the rate of factory overhead to direct labor cost.(2) Detormine the cost of direct materials Included in the work in process endingInventory, assuming that the direct labor cost Included in the mventory of work inprocess is $50,000. ·fractor kaIratuo2. Manufacturing costs. The payroll records of the E. W. Grant Company showpayments for labor of $400,000, of which $80,000 Is indirect labor. Materials requlsitionsshow $300,000 for materlals used, of which $280,000 represents direct materlals. Olhermanufacturing expenses total $124,000, FInished goods on hand at the ond of the periodare slated at cost, $176,000, of which $40,000 Is direct materials cost. Factory overheadisallocated on the basis of direct labor cost.Roqulrod: Dotormine the amount of direct labor and the amount of factory ovethoad InFinished Goods.3. Manutacturing coste. Selected dala concorning last yoar's operations of TelevansCompany are as follows (000s omitled):InventorlesBoginningEnding$110Finishod goods.Work In process...$9080307585Matuilals....Other data:$326Materials usod...Total manulacturing costs charged to Jobs during tho yoar (includas materials, direcilabor, and factory overhead applled at a rate of 50% of direct labor cost).Cost of gouds availablo for sale...Markating and administralivo expenses...68682625Flequirad: Compute the following:(1) Cost of nalerlals purchased.(2) Direct labor cost charged to production.(3) Cost of goods manufactured.(4) Cost of goods sold.X(ICMA adapted)!4. Manulacturing costa. Krleger Company Is to submlt a bld on the production of 11,250ceramic plates, It is estimated that the cost of materlals will be $13,000, and the cust ofdirect labor wll be $15,000 Factory overhoad is applled at $2.70 per direct labor hour inthe Molding Department and at 35% of the direct labor cost in the Decorating Department.It is estimated that 1,000 direct labor hours at a cost of $9,000 will be required in Moiding.The company wishes a markup of 45% of Its total piroduction cost.

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3. Manutacturlng coste. Selected dala concorning last yoar's operatlons of Telovans Company are as follows (000s omitled): Inventorlos Boginning Ending Finishod goods... Work In process. Matoilals.. . $90 $110 80 . 30 85 75 Other data: Materials usod.. Tolal manulacturing costs charged to Jobs during tho yoar (includas materials, direct labor, and factory overnead applled at a rate of 30% of direct labor cost). . Cost of goods availlablo for sal... Markating and administrativo expenses.. $326 686 826 25 .*.....* Floquirad: Compute the following: (1) Cost of malerlals purchased. (2) Direct labor cost charged to production. (3) Cost of goods manufactured. (4) Cost of goods sold.X (ICMA adaptod)!