Monday 22 October 2012

The following information is available for the first month of operations of Korv Inc., a manufacturer and craft items:

EX19-2.) The following information is available for the first month of operations of Korv Inc., a manufacturer and craft items:

Sales &n bsp; $775,000
Gross profit 265,000
Indirect labor &nbs p; 63,000
Indirect materials 32,000
Other factory overhead & nbsp; 17,500
Materials purchased & nbsp; 303,000
Total manufacturing cost for the period 620,000
Materials, end of period 35,000

Using the above information, determine the following missing amounts:

a.) Cost
b.) Direct materials cost
c.) Direct labor cost



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