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Farber Company employs a normal (nonstandard) absorption cost system. The following information is from the financial records of the company for the year.
Total manufacturing costs were $2,500,000. Cost of goods manufactured was $2,425,000. Applied factory overhead was 30% of total manufacturing costs. Factory overhead was applied to production at a rate of 80% of direct labor cost. Work-in-process inventory at January 1 was 75% of work-in-process inventory at December 31.
Farber Company's total direct labor cost for the year is A. $600,000 B. $909,375 C. $750,000 D. $937,500
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