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Weber Company purchases $55,000 of raw materials on account, and it incurs $62,100 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,900 of raw materials and $38,200 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.

Respuesta :

Answer:total cost for Assembly department is 131,220 and for finishing department is 85,240 and the factory overheads for assembly and finishind department respectively is 61,120 and 38,240

Explanation:

WEBER COMPANY        

  Production costs per department    

  Assembly  Finishing   total

raw material   $31,900   $23,100   $55,000  

labour cost   $38,200   $23,900   $62,100  

factory overheads   $61,120   $38,240   $99,360  

total cost   $131,220   $85,240   $216,460  

to calculate the factory overheads we take the amount for labour in a department and multiple it by 160% meaning for Assembly department it is 38200*160/100= 61120

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