What was the amount of direct labor incurred in July?
Homework Answers
Direct labor cost = $229,411.76 or $229,412
Working note
| Total cost before labor and Overhead [Only material cost] | $ 50,000.00 |
| Add: Work in process Beginning | $ 100,000.00 |
| Less: Work in progress Ending | $ (120,000.00) |
| Subtotal (A) | $ 30,000.00 |
| Actual cost of goods manufactured (B) | $ 420,000.00 |
| Difference between A and B | $ 390,000.00 |
| Difference is equal to Direct labor + Overhead applied | |
| If Overhead are 70% of Labor cost then 390000 is 170% in total | |
| Direct labor cost = 390000/170% x 100% | $ 229,411.76 |
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What was the amount of direct labor incurred in July?
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