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Dacosta Corporation had only one job in process on May 1. The job had been charged...

Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,400 of direct materials, $6,966 of direct labor, and $10,104 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.60 per direct labor-hour.

During May, the following activity was recorded:

Raw materials (all direct materials):
Beginning balance $ 9,100
Purchased during the month $38,600
Used in production $39,900
Labor:
Direct labor-hours worked during the month 2,500
Direct labor cost incurred $25,110
Actual manufacturing overhead costs incurred $33,900
Inventories:
Raw materials, May 30 ?
Work in process, May 30 $17,093

Work in process inventory on May 30 contains $3,849 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.

The cost of goods manufactured for May was:

Solutions

Expert Solution

Beginning work in process [ 2400 + 6966 + 10104 ] 19470
(+)Direct materials used during the month 39900
(+) Direct labor cost incurred during the month 25110
(+) Manufacturing overhead applied [ 2500 * 19.60 ] 49000
(-) Ending work in process 17093
Cost of goods manufactured for May 116387

ekkarill92 answered 3 years ago
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