Davis Manufacturing Company had the following data:
Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.Factory overhead was 300% of the cost of direct labor.
Compute:
a Sales revenue all sales were on account
b Cost of goods sold
c Cost of goods manufactured
d Direct labor used
e Direct materials incurred
f Factory overhead incurred

Question

Davis Manufacturing Company had the following data:
  Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.Factory overhead was 300% of the cost of direct labor.
Compute:
a Sales revenue all sales were on account
b Cost of goods sold
c Cost of goods manufactured
d Direct labor used
e Direct materials incurred
f Factory overhead incurred

Quizplus · Accepted Answer

The Answer of Davis Manufacturing Company had the following data:
  Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.Factory overhead was 300% of the cost of direct labor.
Compute:
a Sales revenue all sales were on account
b Cost of goods sold
c Cost of goods manufactured
d Direct labor used
e Direct materials incurred
f Factory overhead incurred

Davis Manufacturing Company Had the Following Data