Beginning balance, Raw Materials Inventory Beginning balance, Work in process In

Question

Beginning balance, Raw Materials Inventory Beginning balance, Work in process Inventory Beginning balance, Finished Goods Inventory Purchases of raw materials Factory electricity Direct labor payroll Depreciation on factory equipment Insurance on factory building Indirect materials used in production Total raw materials used in production Indirect labor payroll Cost of goods manufactured Cost of goods sold $187,500 300,000 106,250 337,500 62,500 200,000 218,750 50,000 43,750 406,250 150,000 1,250,000 1,312,500 How much manufacturing overhead was incurred by Basil during December? O $525,000 $462,000 $475,000 $481,250

Explanation / Answer

A. $525,000

Calculate manufacturing overhead incurred :

Factory electricity    $62,500 Depreciation on factory equipment $218,750 Insurance on factory building $50,000 Indirect materials used in production    $43,750 Indirect labor payroll       $150,000 Total manufacturing overhead incurred $525,000

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.