Furr Fabricators produces protective covers for smart phones. Since the covers must be customized to...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Furr Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Furr uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials Work in Process Finished Goods $8,500 $34,600 $53,200 During September, the following events occurred: 1. 2. 3. 4. Furr purchased direct materials costing $372,000 on account. Furr used $364,000 in direct materials in production. Furr's employees clocked 20,000 direct labor hours at an average wage rate of $15 per direct labor hour. The company incurred $428,000 in manufacturing overhead, including $77,200 in indirect labor costs. Using direct labor hours as the application base, the company applied $420,000 of manufacturing overhead to jobs worked on in September. The company completed production on jobs costing $1,040,000. The company delivered jobs costing $990,000 to customers. 5. 67 ORI E x Your answer is incorrect. Calculate total manufacturing costs for September Total manufacturing costs $ e Textbook and Media Assistance Used
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
