cing inventories, and useMuliple Clsice

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Assume thet e compeny makes oriy one product meinteins no beginring or encing inventories, and uses a stendard custirg system. The stenciard cost cerd for that productis shown belo Standard Qusatity or Standerd Standard Price or Rate 5 13.00 per pound $ 16.00 per bour $ 8.00 per bour Hours Cons 3 pocnda 2 bocrs 2 bours 5 39.00 $ 32.00 S 16.00 Dirac materiala Direet labor Tixed nanufacturing overhead The company purchased 22,000 pounds of cirect raterizis from its supplier at a cost of S12.50 per pound. The company used 22,000 paunds of cirect materizl to start znd complete 7800 units of firished goods during the period. its direct labores oorked 16,000 haurs end were paid a totel of $248,000. Based on this informetion, the total menulacturing cost transferred from Work in Process to Finished Goods wouid be Malicle Csic $64ZB00

Assume thet e compeny makes oriy one product meinteins no beginring or encing inventories, and uses a stendard custirg system. The stenciard cost cerd for that productis shown belo Standard Qusatity or Standerd Standard Price or Rate 5 13.00 per pound $ 16.00 per bour $ 8.00 per bour Hours Cons 3 pocnda 2 bocrs 2 bours 5 39.00 $ 32.00 S 16.00 Dirac materiala Direet labor Tixed nanufacturing overhead The company purchased 22,000 pounds of cirect raterizis from its supplier at a cost of S12.50 per pound. The company used 22,000 paunds of cirect materizl to start znd complete 7800 units of firished goods during the period. its direct labores oorked 16,000 haurs end were paid a totel of $248,000. Based on this informetion, the total menulacturing cost transferred from Work in Process to Finished Goods wouid be Malicle Csic $64ZB00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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