Reference no: EM132540853
The following cost data relate to the manufacturing activities of the Kookabuka Company during the most recent year:
manufacturing overhead costs incurred during the year:
property taxes 1600
utilities, factory 2600
indirect labour 5100
depreciation, factory 13,000
insurance, factory 2500
total actual costs 24,800
other costs incurred during the year:
purchases of raw materials 15,000
direct labour cost 22,000
inventories:
raw materials, beginning 5000
raw materials, ending 4400
work in process, beginning 3500
work in process, ending 4500
The company uses a predetermined overhead rate to charge overhead cost to production. The rate for the year just completed was $4.00 per machine hour; a total of 6,000 machine hours were recorded for the year, so $800 manufacturing overhead cost was underapplied.
Question 1: What would a schedule of cost of goods manufactured for the year look like?