FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sturgis Manufacturing produces one model of precision tool and accounts for costs using a job cost system. Information from the most recent fiscal year indicates the following:

  • Total manufacturing cost during the year was $2,578,400 based on actual direct materials, actual direct labor, and applied manufacturing overhead. Of this amount, 40 percent was comprised of direct costs.
  • Manufacturing overhead was applied to work in process at 250 percent of direct materials dollars.

Required:

Compute actual direct materials used, actual direct labor, and applied manufacturing overhead.

Direct materials used$

Direct labor$

Manufacturing overhead applied$

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