ShanJ
Mar 16, 2009, 10:09 PM
I am having issues figuring out what is a part of the manufacturing overhead.
Raw material is $50,000 (Jan 1) and 35,000 (Dec 31), Work in process is $130,000 (Jan 1) and 170,000 (Dec 31) and Finished goods is 280,000 (Jan 1) and 255,000 (Dec 31). Raw materials is $100,000, $340,000 Direct labor. Manuf. Overhead is $450,000; sales $1,560,000; selling and admin expenses $90,000; income tax of 30%.
I get a little lost at this point.
Raw material is $50,000 (Jan 1) and 35,000 (Dec 31), Work in process is $130,000 (Jan 1) and 170,000 (Dec 31) and Finished goods is 280,000 (Jan 1) and 255,000 (Dec 31). Raw materials is $100,000, $340,000 Direct labor. Manuf. Overhead is $450,000; sales $1,560,000; selling and admin expenses $90,000; income tax of 30%.
I get a little lost at this point.