Please help me Question 4:Madtack Company's beginning and ending inventories for themonth of November are:November 1November 30DM$67,000$62.000WP$145,000$171,000FG$85,000$78,000Production data for the month of NovemberDirect labor$200,000Actual factory overheadDM purchasedTransportation in132,000163,0004,000Purchase returns and allowances2000Madtack uses on factory overhead control account and chargesfactory overhead to production at 70% of direct labor cost. Thecompany does not formally recognize over/underappliedoverhead until year-endWhat is Madtack's total manufacturing cost for November?

Total manufacturing costs = Direct material used + Direct labor costs + Manufacturing overhead…

Madtack Company's beginning and ending inventories for the month of November are: November 1 November 30 DM $67,000 $145,000 $62000 WP $171,000 FG $85,000 $78,000 Production data for the month of November Direct labor $2000 Actual factory overhead DM purchased Transportation in Purchase returns and allowances 132000 163,000 4,000 2,000 Madtack uses on factory overhead control account and charges factory overhead to production at 70% of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end What is Madtack's total manufacturing cost for November?

Madtack Company's beginning and ending inventories for the month of November are: November 1 November 30 DM $67,000 $145,000 $62000 WP $171,000 FG $85,000 $78,000 Production data for the month of November Direct labor $2000 Actual factory overhead DM purchased Transportation in Purchase returns and allowances 132000 163,000 4,000 2,000 Madtack uses on factory overhead control account and charges factory overhead to production at 70% of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end What is Madtack's total manufacturing cost for November?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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