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Brief Exercise 14-09 Presented below are incomplete manufacturing cost data
Brief Exercise 14-09 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Direct Total Materials Labor Factory Manufacturing Used Used Overhead Costs (1) $42,500 $62,400 $52,700 $ (2) $77,300 $142,000 $299,000 $ (3) $57,900 $114,000 $ $313,000 Click if you would like to Show Work for this question: Open Show Work
Expert Solution
first we need to understand formula to calculate manufacturing cost.
Total manufacturing cost = Direct material used + Direct labor + Factory overhead
1. 42,500 + $62,400 + $52,700 = $157,600
2. $299,000 - $142,000 - 77,300 = $79,700
3. 313,000 - $114,000 - $57,900 = $141,400
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