Davis Manufacturing Company Had the Following Data

question 13

Essay

Davis Manufacturing Company had the following data:
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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

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Definitions:

Rotting Log

A decaying log that provides habitat and nutrition for a diversity of organisms, playing a key role in nutrient cycling in forests.

Bacteria

Single-celled microorganisms that can exist either as independent organisms or as parasites, involved in processes such as fermentation, decomposition, and nitrogen fixation.

Community

A community in ecology is defined as a group of interacting species living in the same area, which can vary in size and complexity.

Niches

The roles or positions of an organism within its environment, encompassing all the factors necessary for its survival, reproduction, and interactions with other creatures.