Indicate the missing amount for each letter. Direct Materials Used Direct Labor
ID: 2498374 • Letter: I
Question
Indicate the missing amount for each letter.
Direct
Materials
Used
Direct
Labor
Used
Manufacturing
Overhead
Total
Manufacturing
Costs
Work in
Process
1/1
Work in
Process
12/31
Cost of Goods
Manufactured
Direct
Materials
Used
Direct
Labor
Used
Manufacturing
Overhead
Total
Manufacturing
Costs
Work in
Process
1/1
Work in
Process
12/31
Cost of Goods
Manufactured
Explanation / Answer
1)
a) Total Manufacturing Costs = Direct Material used + Direct Labor Used + Manufacturing Overhead
Total Manufacturing Costs = 128810 + 141170 + 88270
Total Manufacturing Costs = 358,250
b) Work in Process 12/31 = Total Manufacturing Costs + Work in Process 1/1 - Cost of Goods Manufactured
Work in Process 12/31 = 358250+37490 - 361160
Work in Process 12/31 = 34,580
2)
c) Direct Material used = Total Manufacturing Costs - Direct Labor Used - Manufacturing Overhead
Direct Material used = 454850 - 202530-136910
Direct Material used = 115,410
d) Work in Process 1/1 =Work in Process 12/31 + Cost of Goods Manufactured - Total Manufacturing Cost
Work in Process 1/1 = 472020 + 43330 - 454850
Work in Process 1/1 = 60500
3)
e) Manufacturing Overhead= Total Manufacturing Costs - Direct Material used -Direct Labor Used
Manufacturing Overhead = 256170 - 85900-103630
Manufacturing Overhead = 66,640
f)Cost of Goods Manufactured = Total Manufacturing Costs + Work in Process 1/1 - Work in Process 12/31
Cost of Goods Manufactured = 256170 + 62060 - 82110
Cost of Goods Manufactured = 236,120
4)
g) Direct Labor used = Total Manufacturing Costs - Direct Material Used - Manufacturing Overhead
Direct Labor used = 293840 - 71530 - 80920
Direct Labor used = 141,390
h) Work in Process 12/31 = Total Manufacturing Costs + Work in Process 1/1 - Cost of Goods Manufactured
Work in Process 12/31 = 293840 + 48150 - 273100
Work in Process 12/31 = 68,890