Related data of Charlene Company: Direct materials P385,000 Direct labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - Factory 30,000 Salaries expense - Head office 350,000 Salaries expense - Factory officers 200,000 How much is the total period costs?

Related data of Charlene Company: Direct materials P385,000 Direct labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - Factory 30,000 Salaries expense - Head office 350,000 Salaries expense - Factory officers 200,000 How much is the total period costs?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
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. $120000
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Related Data of Clarisse Company: Direct materials 385,000 Dircet Labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - factory 30,000 Salaries expense - head office 350,000 Salaries expense - factory officers 200,000 How much is the total period costs?
Related data of Charlene Company: Direct materials P385,000 Direct labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - Factory 30,000 Salaries expense - Head office 350,000 Salaries expense - Factory officers 200,000 What is the amount of the product…
The Putney Company reports the following information: Sales $76,500 Cost of direct materials used in production 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600 Office salaries expense 8,900 Indirect materials 1,200 a. Compute product costs.$ b. Compute period costs.$
The related data of Jean Grey Company: Direct materials P85,000 Depreciation on factory equipment 12,500 Factory janitor’s salary 12,000 Direct labor 67,800 Utilities for factory 12,500 Selling expenses 28,000 Production supervisor’s salary 20,000 Administrative expenses 35,700 Rent expense - Head office 12,800 Rent expense - Factory 20,000 Depreciation on office equipment 8,500…
Related Data of Clarisse Company: Direct materials 385,000 Dircet Labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - factory 30,000 Salaries expense - head office 350,000 Salaries expense - factory officers 200,000 What is the amount of product costs?
The Putney Company reports the following information: Sales $76,500 Cost of direct materials used in production 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600 Office salaries expense 8,900 Indirect materials 1,200 a. Compute product costs.$fill in the blank 1 b. Compute period costs.