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DiKsa [7]
4 years ago
13

A company incurred the following costs: $6,000 for indirect labor; $26,000 for direct labor; $2,500 for utilities for the factor

y building; $10,300 for factory equipment depreciation; $8,700 for office equipment depreciation. The total overhead costs reported on the schedule of cost of goods manufactured is
Business
1 answer:
Mumz [18]4 years ago
3 0

Answer:

$18,800.00

Explanation:

Overhead costs are the indirect and fixed expenses that cannot be directly associated with a product. They are associated with the production or manufacturing of goods.

In this case

The manufacturing expenses that cannot be attached to a product are

Indirect labor:     $ 6,000.00

Factory utilities:     $ 2,500.00

factor equipment deprecation  <u>$10,300.00</u>

      <u>$18,800.00</u>

Total overhead costs are $18,800.00

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Perpetual Inventory Using FIFO
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The perpetual inventory as on October 31 is 70 units of value as $2310

Explanation:

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