Asked by Marleo
Cherry Hill Glass Company uses a normal costing system. The following information pertains to the year just ended.
· Total manufacturing costs added during the period were $1,250,000.
· Cost of goods manufactured was $1,212,500.
· Allocated manufacturing overhead was 30% of total manufacturing costs added during the period.
· Manufacturing overhead was allocated to production at a rate of 80% of direct labor cost.
· Work-in-process inventory on January 1 was 75% of work-in-process inventory on December 31.
Calculate the total cost of direct material used during the year.
· Total manufacturing costs added during the period were $1,250,000.
· Cost of goods manufactured was $1,212,500.
· Allocated manufacturing overhead was 30% of total manufacturing costs added during the period.
· Manufacturing overhead was allocated to production at a rate of 80% of direct labor cost.
· Work-in-process inventory on January 1 was 75% of work-in-process inventory on December 31.
Calculate the total cost of direct material used during the year.
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