Business, 29.11.2019 02:31 heart80941

Moonrise bakery applies factory overhead based on direct labor costs. the company incurred the following costs during 2017: direct materials costs, $710,000; direct labor costs, $3,600,000; and factory overhead costs applied, $2,520,000.

1. determine the company’s predetermined overhead rate for 2017.
2. assuming that the company’s $77,000 ending work in process inventory account for 2017 had $26,000 of direct labor costs, determine the inventory’s direct materials costs.
3. assuming that the company’s $550,000 ending finished goods inventory account for 2017 had $329,000 of direct materials costs, determine the inventory’s direct labor costs and its overhead costs.

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Moonrise bakery applies factory overhead based on direct labor costs. the company incurred the follo...

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