P27-1A NoCal
accounting teacher (Not rated)
(Not rated)
P27-1A NoCal
P27-1A NoCal TRAILERS COMPANY
Cost Data
March, 2013
a. Raw materials purchased $82,000
b. Raw materials used:
Direct materials $75,000
Indirect materials $5,000
c. Factor wages incurred:
Direct labor $50,000
Indirect labor $2,000
Social Security tax deductions $3,224
Medicare tax deductions $754
Federal income tax deductions $7,800
d. Other overhead costs 28,000
e. Percent of direct labor costs used to estimate manufacturing
overhead costs to be applied to jobs in production 80%
f. Finished goods transferred from production warehouse $150,000
g. Cost of goods sold $120,000
h. Sales for the month $250,000
10 years ago
P27-1A NoCal
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p27-1a__nocal.xls
