Sturgis Manufacturing produces one model of precision tool and accounts for costs using a job...
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Accounting
Sturgis Manufacturing produces one model of precision tool and accounts for costs using a job cost system. Information from the most recent fiscal year indicates the following:
- Total manufacturing cost during the year was $2,578,125 based on actual direct materials, actual direct labor, and applied manufacturing overhead. Of this amount, 40 percent was comprised of direct costs.
- Manufacturing overhead was applied to work in process at 250 percent of direct materials dollars.
Required:
Compute actual direct materials used, actual direct labor, and applied manufacturing overhead.
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