The following information is available for the first month of operations of Url

Question

The following information is available for the first month of operations of Url Inc., a manufacturer of art and craft items:

Sales $1,200,000
Gross Profit $320,000
Indirect labor $110,000
Indirect materials $45,000
Other Factory overhead $20,000
Materials Purchased $610,000
Total manufacturing costs for the period $1,325,000
Materials inventory, end of period $45,000

Using the above information, determine the following:
Direct labor cost
$

I don't understand how to find this, can someone please help explain this?

Explanation / Answer

let every thing be in hte unit of 1000 dollars profit = seling price - cost of manufacturing cost of manufacturing = selling proce - profit all types of cost = selling price - profit 110+45+20+61+132+45 +X = 1200-320 X = 1200-(320 + 110+45+20+61+132+45 ) = 467000 dollars

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