The Logicom Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Product costs are A. $35,000 B. $29,200 C. $30,300 D. $24,500 $76,500 7,300 4,700 5,900 10,500 4,200 1,200 15,600 8,900 1,200
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- Refer to the following data to answer the question: Direct material used Selling costs Indirect labour Administrative costs Depreciation on factory equipment Direct labour Overtime premiums paid Indirect materials The prime costs are: Select one: O a. $142 000. O b. $40 000. O c. $150 000. O d. $190 000. $ 150 000 $ 5.000 $ 7.000 $ $ $ Ent tit. $ $ Eft 10 000 70 000 40 000 20 000 45 000Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Product costs are Oa. $35,000 Ob. $30,300 Oc. $24,500 Od. $29,200 $76,500 7,300 4,700 5,900 10,500 4,200 1,200 15,600 8,900 1,200ABC Company accumulated the following cost information for the year: Salesperson salaries Indirect materials Indirect labor Factory depreciation Direct labor Multiple Choice Using the above information, what are the total factory overhead costs? O $12,900. $78,800. $53,200. $ 16,100 4,100 8,600 $17,000. 12,900 37,100
- Unit costs associated with the sale of a product AA101: Direct Materials, P230 Direct labor, P120 Manufacturing support costs, P460 Sales staff salaries, P190Direct costs per unit of AA101 area. P540b. P580c. P350d. P310b. P5.00 d. P5.09 57. Ansel Corp. has provided the following data from its activity-based costirg system: Activity Cost Pool Assembly Processing Orders Inspection Total Activity 110,000 3,000 3,800 Total Cost 1,226,500 92,340 292,220 Data concerning one of the company's products, Product A appear below: 227.40 Selling price per unit Direct materials per unit Direct labor cost per unit Annual unit production and sales 96.28 23.24 360.00 Annual machine hours 2,080.00 Annual orders 120.00 Annual inspection hours 60.00 Using ABC, the product gross profit for product A is P38,836.80 b. P11,030.80 c. P11,915.20 d. P7,337.2O a. 3262: Cost Concepts Problem(Module 2, Ch. 2) i GALLUP ENTERPRISES Income Statement For the Month Ended August 31 Sales Less: Operating expenses: labour cost Utilities Direct labour cost. Depreciation, factory equipment Raw materials purchased Depreciation, sales equipment Insurance Rent on facilities. Selling and administrative salaries. Advertising Net loss Raw materials Work-in-process Finished goods August 1 August 31 $75,000 $129,000 50,000 80,000 $ 28,000 66,000 175,000 41,000 73,000 50,000 588,000 26,000 41,000 205,000 56,000 139,000 $1,348,400 The company's controller resigned a month ago. Hilda, a new assistant in the controller's office, prepared the income statement above. Hilda has had little experience in manufacturing operations. After seeing the $28,000 loss for August, Gallup's president stated, "I was sure we'd be profitable within six months, but our six months are up and this loss for August is even worse than July's. I think it's time to start looking for someone to buy…
- 6. Peter Senen Company has the following cost data as of Sept 1, 2020 Materials purchased P170,000 200,000 400,000 210,000 50,000 Materials used Direct labor Factory overhead Office rent What is the total prime costs?6. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL MANUFACTURING (PRODUCT) COSTS?Asplund Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $ 6.95 Cost per Period $ 3.60 $ 2.00 $ 20,800 $ 1.50 $ 0.45 $ 8,900 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,280 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,280 units? a. Total product cost b. Total period cost
- 4. Which of the following costs are variable, fixed, or mixed costs? Units of Output Direct materials Workers' wages Supervisors' salaries Equipment depreciation Maintenance 30,000 Units P 180,000 1,080,000 312,000 151,200 81,600 384,000 P2,188,800 42,000 Units P 252,000 1,512,000 312,000 151,200 110,400 528,000 P2,865,600 Utilities TotalUse the information provided for Darwin Company to answer the question that follow. Darwin Company Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Darwin Company's period costs are Oa. $35,000 Ob. $30,300 Oc. $29,200 Od. $24,500 $76,500 7,300 4,700 5,900 10,500 4,200 1,200 15,600 8,900 1,200Problem 7. The following details have been obtained from the cost records of Starlight Ltd.: Amount (Tk.) 95,000 98,400 32,000 3,500 3,31,000 23,000 34,000 86,000 19,000 4,200 2,600 5,600 13,300 7,800 8,900 1,04,000 87,000 Particulars Raw material (Opening) Raw material (Closing) Direct wages Indirect wages Sales Work-in-progress (Opening) Work-in-progress (Closing) Purchase of raw material Factory rent and rates Depreciation of machinery Freight Carriage outward Advertising Office rent and taxes Traveller, wages and commission Opening stock of finished goods Closing stock of finished goods Prepare a cost sheet and determine cost of sales and profit