2.) X Company is a manufacturing firm. It incurred the following manufacturing costs in 2019:...
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Accounting
2.) X Company is a manufacturing firm. It incurred the following manufacturing costs in 2019: Direct material $104,512 Direct labor 68,784 Overhead 138,096 Total $311,392 All jobs were started, finished, and sold in 2019, except for the following jobs: Job Status Cost AA finished in 2018; sold in 2019 $27,688 BB started in 2019; not finished in 2019 7,960 CC started and finished in 2019; not sold in 2019 28,505 What was Cost of Goods Sold in 2019?
3.) X Company uses a plantwide overhead allocation system, with direct labor cost as the cost driver. Budgeted overhead for the year is $841,000. The following annual budgeted and actual information is available for the only three products that it produces - A, B, C: A B C Units of production 980 35,300 2,600 Direct labor hours per unit 6 2 3 Direct labor wage rate $16.00 $23.00 $29.00 How much overhead was allocated to Product B [round the overhead rate to two decimal places]?
If you could answer these questions quickly I would really appreciate it
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