Details of this Paper

Prime Cost Question

Description

solution


Question

Question;1-Jan;31-Jan;Finished Goods;125,000;117,000;Work in;process;233,000;251,000;Raw Material;132,000;124,000;The;following additional manufacturing data pertains to January operations.;Raw material purchased;192,000;Direct;labor;400,000;Actual;manufacturing overhead;165,000;Acual selling;and adminstrative expenses;115,000;Rexford;Company applies manufacturing overhead at the rate of 60 percent of;direct-labor cost. Any overapplied or;unapplied manufacturing overhead is accumlated until the end of the year.;What is the prime cost?;Please sensure to explain your answer

 

Paper#41363 | Written in 18-Jul-2015

Price : $22
SiteLock