Following are Mill Co.’s production costs for October: Direct materials $100,000 Direct labor 90,000 Factory overhead...
Following are Mill Co.’s production costs for October:
|
Direct materials |
$100,000 |
|
Direct labor |
90,000 |
|
Factory overhead |
4,000 |
What amount of costs should be traced to specific products in the production process?
| A. |
A. $194,000 |
|
| B. |
B. $190,000 |
|
| C. |
C. $100,000 |
|
| D. |
D. $90,000 |
Homework Answers
Ans:B.$190,000 is Correct Answer
Explanation:
Direct material costs and direct labour costs are traceable.
Factory overhead is a fixed cost and are be allocated to the specific products.
Traced costs = Direct materials + Direct labour
= 100,000 + 90,000
= 190,000
Add Answer to:
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cost of ending goods in process? (Round to whole dollar amount) (4
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Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
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