Solution-Compute total cost of direct material used by

Compute total cost of direct material used by farber company

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Reference no: EM132767907

Question - Farber Corporation uses a job-order cost system. The information below is from the financial records of the company for last year:

Total manufacturing costs P2,500,000

Cost of goods manufactured P2,425,000

Predetermined overhead rate 80% of direct labor cost

Applied overhead was 30% of total manufacturing costs. The Work in Process inventory at January 1 was 75% of the Work in Process inventory at December 31.

Required - Compute total cost of direct material used by Farber Company?

a. 750,000

b. 850,000

c. 812,500

d. 1,150,000

Reference no: EM132767907

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Compute total cost of direct material used by farber company

Reference no: EM132767907

Reference no: EM132767907

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