Question

Comet Company accumulated the following account information for the year: Beginning raw materials inventory$5,200 Indirect materials cost 1,200 Indirect labor cost 4,200 Maintenance of factory equipment 2,000 Direct labor cost 6,200 Using the above information, total factory overhead costs would be:

Answer 1

Answer:

$7,400

Explanation:

Given the above information, the total factory overhead cost would be computed as;

Total factory overhead costs = Indirect materials + Indirect labor + Maintenance of factory equipment

= $1,200 + $4,200 + $2,000

= $7,400

Hence, the total factory overhead costs is $7,400