The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $792,000 Gross profit 462,000 Cost of goods manufactured 396,000 Indirect labor 171,600 Factory depreciation 26,400 Materials purchased 244,200 Total manufacturing costs for the period 455,400 Materials inventory, ending 33,000 Using the above information, determine the following missing amounts: a. Cost of goods sold 330,000 b. Finished goods inventory at the end of the month 66,000 c. Direct materials cost 211,200 d. Direct labor cost e. Work in process inventory at the end of the month
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- Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,050 $140,000 14,000 shelves 168,000 17,100 140,000 28,000 shelves 336,000 33,200 140,000 35,000 shelves 420,000 41,250 140,000 For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Cost Fixed Portionof Cost Variable Portionof Cost (per Unit) Lumber Utilities DepreciationA furtiture manufacturer company has gathered the cost information for its production process in one of its product line during April, which in presented as follows Cost Item Classification Cost Factory supervinor salary Fixed $14,550 per month Lomber (direct materiala) Variable $108,000 total Production worker rages Variable 514.00 per hour Machine Depreciation Tariable 51,800 total Lease on factory Fixed 59.000 per month During April, the company manufactured 2,000 units using 1,800 labor bours. Based this information, the estimated total cost of producing 2,500 units during the upcoming month is elosest to: OA $208,000 OB. SI72.250 OC S208,000 OD S202,250 OE S166,400Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Variable costs (per unit) ($) Process type Annualized fixed cost labor material energy Of plant & equip. Intermittent $1,000,000 24 26 20 Mass customization $1,190,000 30 18 12 Repetitive $1,385,000 28 15 11 Continuous $1,660,000 25 15 10 Determine the most economical…
- Inventory Costing Methods—Periodic MethodThe Luann Company uses the periodic inventory system. The following July data are for an item in Luann's inventory: July 1 Beginning inventory 30 units @ $9 per unit 10 Purchased 50 units @ $11 per unit 15 Sold 60 units 26 Purchased 25 units @ $13 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Note: Round your cost per unit to three decimal places, if needed. Then round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory Answer Cost of Goods Sold: Answer B. Last-in, first-out: Ending Inventory Answer Cost of Goods Sold: Answer C. Weighted-average cost: Ending Inventory Answer Cost of Goods Sold Answer2e2855257207a.d706b2b45.pdf Q X P 82684284-5573..omics-Hoy.pdf Q + Sign in 3 O Go Premium WPS Office 2 Menu v Home Insert Comment Edit Page Protect Tools S Hand Tool 6 (6/6) abc 220% E Select Tool Annotate 1-1] Find Highlight Edit Text Edit Picture PDF to Office PDF to Picture Rotate Auto Scroll Read Mode Background Screen Grab Note K Draw a phase diagram and solve ý = ry(1 – ky) 3E 6 (6/6) | > > BO 00 1-1 220% - - 1:33 АМ 5/10/2021 近Inventory Management -- Class Work Sheet (CW-14) Q. 14. Jean-Marie Bourjolly's restaurant has the following inventory items that it orders on a weckly hai .. a) Which is the most expensive item, using annual dollar volume? b) Which are C items based on annual dollar volume? c) What is the annual dollar volume for all 20 items? SValue #Ordered per Week 52 week $ Total % of inventory Cumulative Imventory 5 Inventory Item per Case Item no Rank Васon Chickens Eggs (case) Fish filets French fries Garlic powder Lettuce (case) Lobster tail Napkins Oil Order pads Pasta Pepper Prime rib Rib eye steak Salt Sugar Tablecloths Tomato sauce Trashcan liners 56 75 22 143 43 11 2. 3. 14 7. 10 32 35 245 12 28 12 23 8. 6. 2 10 11 12 13 14 15 16 17 18 19 20 166 135 4. 32
- Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles Mowed Labor Month and Cleaned Costs April 240 S6,800 May 305 7,680 June 325 8,310 July 275 7,200 August 220 6,550 September 200 5,760 Оctober 75 4,960 Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 3,955 v + $ 13.4 v X Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 9,181 x + $ 13.4 x x Adjust the equation developed in…lamps: Lampshares Brass posts Straight-line depreciation Supervisors salaries Utilities Total N 100 500 600 1,800 200 N 3,200 b. What was the cost per lamp? For each component of the lamp? What type of cost behaviour would each of the costs exhibit? If Wally Company produces 300 lamps this month, would you expect the cost per lamp to increase or decrease? Why?APPLICATION • Alta Production, Inc., is using the account analyis approach to identify the beharior of production costs for a month in which it prodaced 350 units. The production manager was asked to review these costs and provide her best guess as to how they should be catevorized. She resoonded with the followine information: Tetal fe) S270,000 134,000 101.000 $507.000 Variable (e) S270,000 130,000 100,000 3500.000 Fixed Materials used in production Labor used in production Production facility costs Total production cost 4.000 3.000 37.000 • Alta Production, Inc., reported the following production costs for the 12 months January through December. Reporting Period (Month) Total Production Costs Level of Activity (Units Produced) January $460,000 300 February 300,000 220 March 480,000 330 Аpril 550,000 390 570,000 310,000 May 410 June 240 July 440,000 290 August 455,000 320 September 530,000 380 250,000 150 October November 700,000 450 December 490,000 350
- Kontrol paneli > Derslerim > 2020-2021 Güz Dönemi > İŞLETME FAKÜLTESİ > İŞLETME > 2021G-ITB101-1252178 > ITB 101 - Final Exam > ITB 10 曲 Kontrol paneli Site ana sayfası Takvim Nişanlar Tüm dersler Course dashboard Soru 17 The Farley Farm, a dairy company, has total costs of $15,000 and total variable costs of $2,000. The Farley Farm's total fixed costs are Henüz cevaplanmadı 4 üzerinden Lütfen birini seçin: işaretlenmiş O A. indeterminate because the firm's output level is not known. P Soruyu işaretle O B. SO O C$ 15000 O D.$ 13000 O E$ 17000 ÖNCEKİ SAYFA SONRAKİ SAYFA O Aramak için buraya yazınJony furniture store examines its inventory policy and considers using an economic order quantity (EOQ) approach. They have the following information about a table set: Annual demand Current order qu Carrying cost Order cost 3.920 sets 30 sets $80.00/set/year $200 a. What is the current total annual cost (TC) b. What is the economic order quantity (EOQ)? c. What is the total annual cost at the economic order quantity (EOQ)CIS 360 - Business Database Concepts – DB Design The following spreadsheet is a sample that is currently being used to track company data. However, employees have been complaining about the amount of maintenance needed to sustain the data. EMP_NAME PROJ_NUM PROJ_NAME EMP_NUM 1 Hurricane JOB_CODE JOB_CHG_HOUR PROJ_HOURS EMP_PHONE 101 John D. Newson EE 85.00 13.3 653-234-3245 1 Hurricane 105 David F. Schwann CT 60.00 16.2 653-234-1123 1 Hurricane 110 Anne R. Ramoras CT 60.00 14.3 615-233-5568 2 Coast 101 John D. Newson EE 85.00 19.8 653-234-3254 2 Coast 108 June H. Sattlemeir EE 85.00 17.5 905-554-7812 3 Satellite 3 Satellite 3 Satelite 110 Anne R. Ramoras CT 62.00 11.6 615-233-5568 105 David F. Schwann CT 26.00 23.4 653-234-1123 123 Mary D. Chen EE 85.00 19.1 615-233-5432 3 Satellite 112 Allecia R. Smith BE 85.00 20.7 615-678-6879 1. List the issues that will arise by using this as a way to store and maintain company data. Use the actual data as examples in your explanation. 2. Create a…