During the month, the company purchased $656,000 of raw material; direct material used during the...

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Accounting

During the month, the company purchased $656,000 of raw material; direct material used during the period amounted to $504,000. Factory payroll costs for July were $788,000, of which 75 percent was related to direct labor. Overhead charges for depreciation, insurance, utilities, and maintenance totaled $600,000 for July

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