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Tanner Manufacturing Expected Job No. 26 to cost $300,000 of overhead, $500,000 of materials, and $200,000...


23. During 2017, Tanner Manufacturing expected Job No. 26 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Tanner applied overhead based on direct labor cost. Actual production required an overhead cost of $290,000, $550,000 in materials used, and $220,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? a. $1,000,000 b. $1,060,000 c. $1,070,000 d. $1,100,000
Tanner Manufacturing Expected Job No. 26 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Tanner applied overhead based on direct labor cost. Actual production required an overhead cost of $290,000, $550,000 in materials used, and $220,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? 
$1,000,000 
$1, 060,000 
$1, 070,000 
$1, 100,000

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Ans : Correct answer is option D

ekkarill92 answered 2 years ago
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