Question

Village Company's selected cost data for 2012 are shown below: Cost of goods manufactured $145,200 Work...

Village Company's selected cost data for 2012 are shown below:

Cost of goods manufactured

$145,200

Work in process inventory, Jan. 1, 2012

18,500

Work in process inventory, Dec. 31, 2012

22,500

Direct materials used

15,800

Assuming manufacturing overhead costs of $83,375, what is the amount of direct labor incurred by Village Company in 2012?

Your answer:

$50,025

$38,400

$42,500

$60,000
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ABC Company reports the following cost information for August: Cost of goods manufactured $135,800 Finished goods...
ABC Company reports the following cost information for August: Cost of goods manufactured $135,800 Finished goods inventory, Aug. 1 30,200 Finished goods inventory, Aug. 31 Work in process inventory, Aug. 1 22,500 Work in process inventory, Aug. 31 Direct materials used 25,300 35,300 18,500 Direct labor incurred in August amounted to 150% of manufacturing overhead in August. What is cost of goods sold for August?
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Lily Company. LILY COMPANY Cost of Goods Manufactured Schedule December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020 Work in process (1/1) $216,130 Direct materials    Raw materials inventory (1/1) $    Add: Raw materials purchases 165,710    Total raw materials available for use    Less: Raw materials inventory (12/31) 30,350 Direct materials used $189,120 Direct labor Manufacturing overhead    Indirect...
1.In determining total manufacturing costs on the cost of goods manufactured schedule, a.actual manufacturing overhead costs...
1.In determining total manufacturing costs on the cost of goods manufactured schedule, a.actual manufacturing overhead costs appear as a deduction. b.manufacturing overhead applied is added to direct materials and direct labor. c.ending work in process inventory is deducted from beginning work in process inventory. d.beginning work in process inventory should have a zero balance. 2.Bonita Industries applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $450000 of direct materials costs and $300000...
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing...
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing Company for the month ending July 31 Cost of direct materials used in production $148,600 Direct labor 178,300 Work in process inventory, July 1 66,900 Work in process inventory, July 31 90,600 Total factory overhead 81,700 Determine Ethtridge's cost of goods manufactured for the month ended July 31. Ethtridge Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended July 31 $...
Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information....
Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials $ 232,500 Direct labor 71,000 Factory overhead costs 25,200 Work in process, Dec. 31, 2016 158,200 Work in process, Dec. 31, 2017 152,500 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials $158,200 25,000 Direct labor Factory overhead costs Total manufacturing costs 183,200 Total cost of work in process 183,200 Less: Work in process, December...
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April:...
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $ 56,000 Direct labor 65,000 Factory overhead 34,000 Work in process inventory, April 1 41,000 Work in process inventory, April 30 37,000 Finished goods inventory, April 1 24,000 Finished goods inventory, April 30 19,000 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Glenville Company...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $44,000 Direct labor 52,000 Factory overhead 26,000 Work in process inventory, March 1 30,000 Work in process inventory, March 31 38,000 Finished goods inventory, March 1 29,000 Finished goods inventory, March 31 21,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Cost of Goods Sold, Cost of Goods Manufactured. PLEASE EXPLAIN AND BOLD ANSWERS Timbuk 3 Company...
Cost of Goods Sold, Cost of Goods Manufactured. PLEASE EXPLAIN AND BOLD ANSWERS Timbuk 3 Company has the following information for March: Cost of direct materials used in production $44,000 Direct labor 54,000 Factory overhead 28,000 Work in process inventory, March 1 32,000 Work in process inventory, March 31 31,600 Finished goods inventory, March 1 23,000 Finished goods inventory, March 31 15,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost...
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income...
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. On Company Off Company Materials inventory, December 1 $71,890 $97,770 Materials inventory, December 31 (a) 110,480 Materials purchased 182,600 (a) Cost of direct materials used in production 192,670 (b) Direct labor 271,030 219,980 Factory overhead 84,110 109,500 Total manufacturing costs incurred in December (b) 632,570 Total manufacturing...
5. Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the...
5. Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. On Company Off Company Materials inventory, December 1 $73,370 $97,580 Materials inventory, December 31 (a) 110,270 Materials purchased 186,360 (a) Cost of direct materials used in production 196,630 (b) Direct labor 276,600 219,560 Factory overhead 85,840 109,290 Total manufacturing costs incurred in December (b) 631,340 Total...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT