Jones Corporation has the following cost records for May 2013 Indirect factory l
ID: 2587167 • Letter: J
Question
Jones Corporation has the following cost records for May 2013
Indirect factory labor
$ 7,000
Advertising Expense
$ 8,000
Direct materials used
12,000
Depreciation, factory equipment
3,200
Work in process, 5/1/13
6,000
Direct labor
13,000
Work in process, 5/31/13
7,800
Maintenance, factory equipment
1,000
Factory supervisor’s salary
4,500
Indirect materials
1,200
Sales Commission
10,000
Office Manager Salary
4,000
In preparing a Cost of Goods Manufactured Schedule, what is the:
Total Manufacturing Overhead
Total Manufacturing Costs
Indirect factory labor
$ 7,000
Advertising Expense
$ 8,000
Direct materials used
12,000
Depreciation, factory equipment
3,200
Work in process, 5/1/13
6,000
Direct labor
13,000
Work in process, 5/31/13
7,800
Maintenance, factory equipment
1,000
Factory supervisor’s salary
4,500
Indirect materials
1,200
Sales Commission
10,000
Office Manager Salary
4,000
In preparing a Cost of Goods Manufactured Schedule, what is the:
Total Manufacturing Overhead
Total Manufacturing Costs
Explanation / Answer
1 Total Manufacturing Overheads: 16900 2 Total Manufacturing Costs 41900 Cost of Goods Manufacturing Schedule Direct Materials used 12000 Direct Labor 13000 Manufacturing Overhead: Indirect factory labor 7000 indirect materials 1200 Factory supervisor's salary 4500 Depreciation, factory equipment 3200 Maintenance, factory equipment 1000 Total Manufacturing overhead 16900 Total Manufacturing Costs 41900 Add: Beginning work-in-process 6000 Less: Ending work-in-process -7800 Cost of goods manufactured 40100
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