Question

A company manufactures and sells a single product. For the current accounting period, beginning work-in-process inventory...

A company manufactures and sells a single product. For the current accounting period, beginning work-in-process inventory is zero, cost of direct materials used is €21560, manufacturing overhead cost is €48410 and ending work-in-process inventory is €15410. If cost of goods manufactured for the current period is €72900, then the amount of direct manufacturing labour costs is ________.

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Answer #1

Cost of goods manufactured = Beginning work in process +Total manufacturing cost for the period- ending work in process

72900 = 0+ Total manufacturing cost for the period - 15410

Total manufacturing cost for the period = 72900+15410

                    = 88310

Now ,

Total manufacturing cost for the period= Direct material used +Direct labor +manufacturing overhead

   88310 = 21560+Direct labor - 48410

88310 = 69970 + Direct labor

Direct labor = 88310 -69970

            = 18340

the amount of direct manufacturing labour costs = $ 18340

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