Minstrel Manufacturing Uses a Job Order Costing System

question 67

Multiple Choice

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are:

• A) $440,000.
• B) $470,000.
• C) $500,000.
• D) $570,000.
• E) $540,000.

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