b) Maju Jaya Berhad is a furniture factory. It produces 1,000 sets of tables and chairs. Below is the information related to the production? Cost RM 10,000 Advertising Machine Maintenance 3,000 Factory Insurance 6,000 Direct Material 135,000 Depreciation (Factory Equipment) 300,000 Depreciation (Office Equipment) 6,000 General Office Supplies 2,500 Factory Utilities 15,000 Director's remuneration 60,000 Direct labour 240,000 Factory Supervisory Salary 48,000 Office Employees' Salaries 20,000 You are required to: Prepare a cost statement that shows prime cost, production cost and total cost.
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- What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. Wood used to produce desks ($125,00 per desk) Production labor used to produce desks ($15 per hour) Production supervisor salary ($45,000 per year) Depreciation on factory equipment ($60,000 per year) Selling and administrative expenses ($45,000 per year) Rent on corporate office ($44,000 per year) Nails, glue, and other materials required to produce desks (varies per desk) Utilities expenses for production facility Sales staff commission (5% of gross sales)The Maryville Construction Company occupies 90,200 square feet for construction of mobile homes. There are two manufacturing departments, finishing and assembly, and four service departments labeled S1, S2, S3, and S4. Information relevant to Maryville is as follows: Allocation Department Area used S1 S2 S3 S4 Finishing Assembly S1 17,400 --- 0.10 0.20 --- 0.20 0.50 S2 4,450 --- --- 0.30 0.30 --- 0.40 S3 8,900 0.20 0.20 --- 0.30 0.20 0.10 S4 4,450 0.20 0.30 0.20 --- 0.10 0.20 Finishing 24,750 --- --- --- --- --- --- Assembly 30,250 --- --- --- --- --- --- Rent paid for the area used is $724,000. How much rent is allocable to the assembly department using the direct method of allocation? Multiple Choice $325,800 $398,200 $344,386 $242,805
- The following information is for ChiSox corporation DM 100 DL 80 Insurance - Factory 24 Insurance - Administration 12 Maintenance - Factory 40 Depreciation - Factory 36 Indirect Labor 60 Indirect Materials 30 Sales Commission 60 Insurance - Finished Goods Warehouse 12 Travel - Corporate Salaries - Sales 50 Salaries - Production 40 Supervisors Depreciation - Office 6 Advertising 50 Property Taxes - Production facility Rent - Administration Building 24 General Office Expenses 12 Total Expenses 662 What are the total conversion costs? 20University Printers has two service departments, Maintenance and Personnel, and two operating departments, Printing and Developing. Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period. Maintenance Personnel Printing Developing Machine-hours 1,000 1,000 3,000 2,000 $10,000 Labor-hours. 500 500 Department direct costs. $5,000 $12,000 $15,000 Required Use the direct method to allocate these service department costs to the operating departments.The following information has been extracted from the cost accounting information systemdatabase for Victoria Furnitures Ltd. The company manufactures different types of furniture’s,including tables; The company manufactured 1,000 tables during the year 2020.Cost Description & Amount1.Cost of the wood that was used in manufacturing the tables. 10,000,0002.Labour cost-For the workers who were involved in manufacture & assembly ofChairs and other types of furniture during the year.8,500,0003.Annual Salary paid to a factory supervisor who supervised the manufacture &assembly of tables during the year.3,800,0004.The electricity cost incurred in the manufacture of the tables during the year 800,0005. The Annual salary paid the CEO of the company. 10,000,0006. The cost of advertising all the company’s products on social media per year. 6,500,0007. Sales commission paid to the employees involved in marketing the tables duringthe year.3,000,0008.The rent income that the company…
- Vaughn Security Inc. provides security guard services to shopping malls. Data related to Vaughn's overhead costs for the current year are as follows: Head Office Activity Total Overhead Cost Supervision Technology fees Rent/Utilities/Taxes Total Cost Driver Activity. $133000 # of employees 70 62000 computer hours 2000 40000 direct labour hours 160000 $235000 During the year, Vaughn provided security services to the Cullumber Creek Mall including 3 employees, 120 computer hours and 10400 labour hours. Overhead applied to the Cullumber Creek Mall job for the year using ABC is O $9420.00. ○ $6320.00. ○ $12020.00. ○ $1931.25.Ready Company has two operating production departments Assembly and Painting Assenoy his 250 employees and occuples 63,600 square feet Painong has 50 employees and occupies 42,400 square feet. The company has ingrect expenses that consist of administrative expenses of $93000 and maintenance expenses of $17000 Administrative expenses are atiocated based on the number of workers in each department and maintenance is located based on square footage. The wount of maintenance expenses that should be alocated to the Peting Department for the current period Maple Choty O O O $46000 $6500 300 1013000Xyz corp-a printing and packaging company has the following cost.Factory Supervisor salary-12,000 Cutting staff salary-15,000 Quality control-12500 Inventory analyst _10,500 Paper and glue-5,000 Office supplies-2,500 Repair of aircon for office-2,800 Repair of exhaust fan- gluing area 3,700 Cutting machine-45 000 Find the manufacturing and non manufacturing cost Find the direct and direct cost
- Q2) Deep Manufacturers information is provided for the production of two product lines named as pen and pencil of a Deep manufacturers. Activity Setup Cost (OMR) 250,000 Machine maintenance 75,000 Total indirect manufacturing costs 325,000 Particulars Product- pen Product- pencil Total( OMR) Direct labor hours 7000 3000 10,000 Number of setups 70 30 100 Number of machine hours 1.200 3,800 5,000 The Deep manufactures plans to produce 500 units of pens and 1000 units of pencils. Compute the activity based cost per unit of each product.Sabina Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Department Producing Department Human Resources General Factory Fabricating Assembly Direct costs $150,000 $320,000 $134,600 $193,000 Normal activity: - 50 40 90 Number of employees Square footage 2000 - 6,700 13,300 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Sabina Company uses the direct method of support department cost allocation. Required: 1. Calculate the allocation ratios (using direct method) 2. Using the direct method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. 3. What if the General Factory Department had 40 employees? How would that affect the…Q2) Deep Manufacturers information is provided for the production of two product lines named as pen and pencil of a Deep manufacturers. Activity Cost (OMR) Setup 250,000 Machine maintenance 75,000 Total indirect manufacturing costs 325,000 Particulars Product- pen Product- pencil Total( OMR) Direct labor hours 7000 3000 10,000 Number of setups 70 30 100 Number of machine hours 1,200 3,800 5,000 The Deep manufactures plans to produce 500 units of pens and 1000 units of pencils. Compute the activity based cost per unit of each product.