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
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