Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

Jones Corporation has the following cost records for May 2013 Indirect factory l

ID: 2587167 • Letter: J

Question

Jones Corporation has the following cost records for May 2013

Indirect factory labor

$ 7,000

Advertising Expense

$   8,000

Direct materials used

12,000

Depreciation, factory equipment

3,200

Work in process, 5/1/13

6,000

Direct labor

13,000

Work in process, 5/31/13

7,800

Maintenance, factory equipment

1,000

Factory supervisor’s salary  

4,500

Indirect materials

1,200

Sales Commission                   

10,000

Office Manager Salary

4,000

In preparing a Cost of Goods Manufactured Schedule, what is the:

Total Manufacturing Overhead

Total Manufacturing Costs

Indirect factory labor

$ 7,000

Advertising Expense

$   8,000

Direct materials used

12,000

Depreciation, factory equipment

3,200

Work in process, 5/1/13

6,000

Direct labor

13,000

Work in process, 5/31/13

7,800

Maintenance, factory equipment

1,000

Factory supervisor’s salary  

4,500

Indirect materials

1,200

Sales Commission                   

10,000

Office Manager Salary

4,000

In preparing a Cost of Goods Manufactured Schedule, what is the:

Total Manufacturing Overhead

Total Manufacturing Costs

Explanation / Answer

1 Total Manufacturing Overheads: 16900 2 Total Manufacturing Costs 41900 Cost of Goods Manufacturing Schedule Direct Materials used 12000 Direct Labor 13000 Manufacturing Overhead: Indirect factory labor 7000 indirect materials 1200 Factory supervisor's salary 4500 Depreciation, factory equipment 3200 Maintenance, factory equipment 1000 Total Manufacturing overhead 16900 Total Manufacturing Costs 41900 Add: Beginning work-in-process 6000 Less: Ending work-in-process -7800 Cost of goods manufactured 40100