Old Victrola, Inc., produces topquality stereos and uses process costing. The manufacture of stereos is such that direct materials, labor, and overhead are all added evenly throughout the production process. Due to the smooth production process, only one cost categorymanufacturing costs is used for equivalent unit calculations. Old Victrola had the following cost and production information available for the months of March and April.
tableDirect materials costs,March,AprilDirect labor costs,$$
Old Victrola, Incorporated, produces topquality stereos and uses process costing. The manufacture of stereos is such that direct materials, labor, and overhead are all added evenly throughout the production process. Due to the smooth production process, only one cost categorymanufacturing costsis used for equivalent unit calculations. Old Victrola had the following cost and production information available for the months of March and April:
tableMarch,AprilDirect materials costs,$$
