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Solo Manufacturing company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $163,800 and machine hours to be 13,600. Actual manufacturing overhead was $129,700 and actual machine hours was 13,570.
What is the debit to manufacturing overhead?
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Ginobili Corp has the following information:
Beginning Inventory (1/1) |
Ending Inventory (12/31) |
||||
Raw Materials Inventory |
$ |
24,421 |
$ |
22,877 |
|
Work in Process Inventory |
$ |
10,077 |
$ |
9,013 |
|
Finished Goods Inventory |
$ |
16,679 |
$ |
19,957 |
Additional information for the year is as follows:
Raw materials purchases |
$ |
56,387 |
Direct labor |
$ |
44,554 |
Manufacturing overhead applied |
$ |
45,362 |
Indirect materials |
$ |
2,452 |
Compute the cost of goods manufactured.
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