(Solution) - Cost data on the activities of Columbia Manufacturing for May -(2025 Original AI-Free Solution)

Paper Details

Cost data on the activities of Columbia Manufacturing for May are as follows:

(c) 4,250 direct labor hours were worked in May. Laborers work a 40-hour week and are paid $22 per hour for the regular shift and time-and-a-half for each hour of overtime. Of the 4,250 hours, 250 hours were worked in overtime in May. The company treats the overtime premium as a part of overhead.
Required:
(1) Calculate the factory overhead incurred in May.
(2) Determine the cost of goods manufactured in May.
(3) Determine the ending balance in finished goods at May 31.