For fiscal year 2016, nancy calculated the following costs for choco-rama’s manufacturing process. beginning work in process inventory, $22,655 ending work in process inventory, $28,207 beginning raw materials inventory, $42,385 ending raw materials inventory, $44,299 raw materials purchased, $387,521 office supplies purchased, $15,274 388,400 man-hours of factory labor at $23.60/hour 14,200 man-hours of factory oversight labor at $28.75/hour administrative salaries, $392,000 factory utilities, $18,500 factory depreciation, $9,700 factory repairs, $15,400

what is choco-rama’s cost of goods manufactured for fiscal year 2016?

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: