company manufactures one produc and accounts for costs using a job cost system. you have...
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Accounting
company manufactures one produc and accounts for costs using a job cost system. you have obtained the following information from the corpartion's book and records for the fiscal year ended May 31, Year 1:
total manufacturing cost during the year was $16,500,000 based on actual direct material, actual direct labor, and applied manufaturing overhead.
manufacturing overhead was applied to work in process at 66.67 percent (two-thirds) of direct labor dollars. Applied manufaturing overhead for the yar wa 40 percent of the total manufacturing cost during the year.
Required: compute actual diret material used, actual dirct labotr, and applied manufacturing overhead.
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