Varda,IncUsed $213,000 of Direct Materials and Incurred $111,000 of Direct

question 105

Essay

Varda,Inc.used $213,000 of direct materials and incurred $111,000 of direct labor costs during the year.Indirect labor amounted to $8,100,while indirect materials used totaled $4,800.Other operating costs pertaining to the factory included utilities of $9,300; maintenance of $13,500; repairs of $5,400; depreciation of $23,700; and property taxes of $7,800.There was no beginning or ending finished goods inventory.The Work-in-Process Inventory account reflected a balance of $16,500 at the beginning of the period and $22,500 at the end of the period.
Required: Prepare a schedule of cost of goods manufactured for Varda,Inc.using the format below.
Schedule of Cost of Goods Manufactured
$$\begin{array} { | l | l | l | l | } \hline \text { Beginning Work-in-Process Inventory } &\quad\quad & \quad\quad&\quad\quad \\\hline \text { Direct Materials Used } & & & \\\hline \text { Direct Labor } & & & \\\hline \text { Manufacturing Overhead: } & & & \\\hline \text { Indirect Labor Used } & & & \\\hline \text { Indirect Materials } & & & \\\hline \text { Utilities } & & & \\\hline \text { Maintenance } & & & \\\hline \text { Repairs } & & & \\\hline \text { Depreciation } & & & \\\hline \text { Property Taxes } & & & \\\hline \text { Total Manufacturing Overhead } & & & \\\hline \begin{array} { l } \text { Total Manufacturing Costs Incurred } \\\text { during the Year }\end{array} & & & \\\hline \begin{array} { l } \text { Fotal Manufacturing Costs to Account } \\\text { Ending Work-in-Process Inventory }\end{array} & & & \\\hline \text { Cost of Goods Manufactured } & & & \\\hline\end{array}$$

---

Definitions:

Autonomic

Relating to the part of the nervous system that controls involuntary bodily functions, such as heartbeat, digestion, and breathing.

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and slowing down the heart rate, involved in rest and digestion activities.

Central

Pertaining to the most important or core aspects of something, often in a system or theory.

Parasympathetic

Pertains to the part of the autonomic nervous system responsible for conserving energy and slowing down the heart rate.