During 2022 Tanner Manufacturing estimated Job No.26 to cost $300000 of overhead $500000 of materials and $200000 in labor.Tanner applied overhead based on direct labor cost.Actual production required an overhead cost of $290000 $550000 in materials used and $220000 in labor.All of the goods were completed.What amount was transferred to Finished Goods?

Question

Quizplus · Accepted Answer

The Answer of During 2022 Tanner Manufacturing estimated Job No.26 to cost $300000 of overhead $500000 of materials and $200000 in labor.Tanner applied overhead based on direct labor cost.Actual production required an overhead cost of $290000 $550000 in materials used and $220000 in labor.All of the goods were completed.What amount was transferred to Finished Goods?

During 2022 Tanner Manufacturing Estimated Job No