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Trey4sho Trey4sho
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A year ago

Tyare Corporation had the following inventory balances at the beginning and end of May:

May 1May 30
Raw materials$33,000$45,000
Finished Goods$82,500$81,000
Work in Process$21,000$17,655

During May, $66,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 450 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,800 of direct materials cost. The Corporation incurred $44,250 of actual manufacturing overhead cost during the month and applied $44,100 in manufacturing overhead cost.

The actual direct labor-hours worked during May totaled:



▸ 2,950 hours

▸ 3,688 hours

▸ 3,675 hours

▸ 5,400 hours
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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karisantikarisanti
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Trey4sho Author
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A year ago
You make an excellent tutor!
fxinternational
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Smart ... Thanks!
jmelchor77
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this is exactly what I needed
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