Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 15 Aug 2017 My Price 13.00

Cherry Hill Glass Company

Cherry Hill Glass Company employs a normal-costing system. The following information pertains to the year just ended.

•      Total manufacturing costs were $1,250,000.

•      Cost of goods manufactured was $1,212,500.

•      Applied manufacturing overhead was 30 percent of total manufacturing costs.

•      Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost.

•      Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31.


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Required:

1.      Compute Cherry Hill’s total direct-labor cost for the year.

2.      Calculate the total cost of direct material used during the year.

3.      Compute the value of the company’s work-in-process inventory on December 31.

 

(CMA, adapted)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Aug 2017 09:08 AM My Price 13.00

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