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BlackZzzverrR [31]
2 years ago
6

Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year: Work in P

rocess, January 1 $53,000 Work in Process, December 31 38,500 Direct materials used 14,000 Total Factory overhead 7,000 Direct labor used 28,000 a. $49,000.b. $95,000.c. $102,000.d. $63,500.e. $14,500
Business
1 answer:
leva [86]2 years ago
5 0

Answer:

Total manufacturing costs = $49000

so correct option is a. $49,000

Explanation:

given data

January 1 Work in Process = $53,000

December 31 Work in Process = 38,500

Direct materials used = 14,000

Total Factory overhead = 7,000

Direct labor used = 28,000

to find out

total manufacturing costs

solution

we get here total manufacturing costs incurred during the year that is express as

Total manufacturing costs = Direct materials used + Direct labor used + Total Factory overhead     ........................1

put here value we get

Total manufacturing costs = 14000  + 28000 + 7000

Total manufacturing costs = $49000

so correct option is a. $49,000

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Explanation:

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Answer:

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1            $50,000      $8,900        $41,100             $8,090.91

2           $41,100         $8,900        $32,200           $7,355.37

3           $32,200       $8,900         $23,300           $6,686.70

4           $23,300       $8,900         $14,400           $6,078.82

5           $14,400        $8,900         $5,500              $5,526.20

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Under Double declining depreciation:

Depreciation rate per year = (1 ÷ Useful  Life) × 100

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Now for double-declining, the rate is doubled

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1            $50,000      $20,000       $30,000           $18,181.82

2           $30,000       $12,000       $18,000            $9,917.36

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