Sunglasses Unlimited Company manufactures sunglasses. Following is a list of costs the company incurred during May. E (Click the icon to view the items.) Use the list to calculate the total manufacturing overhead costs for the mont Data Table Glue for frames $ 250 Depreciation on company cars used by sales force 4,000 Plant depreciation 7,500 Interest Expense 1,500 Total Manufacturing Overhead Lenses 52,000 Company president's salary 24,500 Plant foreman's salary 3,500 Plant janitor's wages 1,300 Oil for manufacturing equipment 150

Sunglasses Unlimited Company manufactures sunglasses. Following is a list of costs the company incurred during May. E (Click the icon to view the items.) Use the list to calculate the total manufacturing overhead costs for the mont Data Table Glue for frames $ 250 Depreciation on company cars used by sales force 4,000 Plant depreciation 7,500 Interest Expense 1,500 Total Manufacturing Overhead Lenses 52,000 Company president's salary 24,500 Plant foreman's salary 3,500 Plant janitor's wages 1,300 Oil for manufacturing equipment 150

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

See similar textbooks

Similar questions

Glasson Manufacturing Co. produces only one product. You have obtained the following information from the corporations books and records for the current year ended December 31, 2016: a. Total manufacturing cost during the year was 1,000,000, including direct materials, direct labor, and factory overhead. b. Cost of goods manufactured during the year was 970,000. c. Factory Overhead charged to Work in Process was 75% of direct labor cost and 27% of the total manufacturing cost. d. The beginning Work in Process inventory, on January 1, was 40% of the ending Work in Process inventory, on December 31. e. Material purchases were 400,000 and the ending balance in Materials inventory was 60,000. No indirect materials were used in production. Required: Prepare a statement of cost of goods manufactured for the year ended December 31 for Glasson Manufacturing. (Hint: Set up a statement of cost of goods manufactured, putting the given information in the appropriate spaces and solving for the unknown information.)
SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 543,000 + 1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What is the variable overhead cost per unit? 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units. (Round your answers to the nearest cent.) Explain this outcome.
Metlock Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information $13,300 10.870 3,340 Manufacturing overhead 42,120 69,440 118,480 7,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead.. $59,480 39,820 2.150 1,130 1,720 12.900 2,260 su
Vakos Manufacturers uses the traditional approach in allocating manufacturing overheads base hours. They have provided you with the following information: E For year ended 30 December 2022: Purchases - direct materials Cost per labour hour Manufacturing Overhead rate Actual Labour hours Actual Machine hours a) b) c) Actual manufacturing overheads Selling and admin expenses Interest paid Sales Tax rate Inventories at year end: Materials Work in Process Finished Goods 205,000 6 15/mach.hr 20,000hrs 30,000hrs 440,000 400,000 40,000 2,000,000 30% 2021 2022 (E) (E) 5,000 10,000 20,000 30,000 25,000 15,000 Compute the total Applied Manufacturing Overhead costs using the rate. Compute the MO Overhead cost variance and state whether over or underapplied and how the variance would be treated. Prepare a Statement of Goods Manufactured for year ended 31 December 2022 using Actual M.O costs. Prepare the Income Statement for year ended 30 December 2022.
Sage Hill Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: (a) $16,900 Manufacturing overhead $ 13,870 4,540 54,120 88,640 152,080 9,400 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead. $76,280 50,620 2,750 1,490 2,200 16,500 2,860
Glass Doctor Company manufactures sunglasses. Following is a list of costs the company incurred during September. E (Click the icon to view the items.) Use the list to calculate the total manufacturing overhead costs for the month. Data Table Glue for frames 150 Depreciation on company cars used by sales force 3,000 Plant depreciation 7,000 Interest Expense 3,500 Lenses 52,000 Total Manufacturing Overhead Company president's salary 24,500 Plant foreman's salary 4,000 Plant janitor's wages 1,200 Oil for manufacturing equipment 50 Activate Windows Go to Settings to activate Windows. Choose from any list or enter any number in the input fields and then continue to Print Done
Presented below are Truck Company's monthly manufacturing cost data related to its personal computer products. (a) Taxes on factory building $820,000 (b) Raw materials 66,000 (C) Depreciation on manufacturing equip. 210,000 Wages for assembly line workers 340,000 Enter each cost item in the following table, placing an "X" under the appropriate headings. Product Costs Manufacturing Overhead Direct Materlals Direct Labor
Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries Property taxes, factory Administrative travel Sales commissions Indirect labor Direct materials Advertising Depreciation of production equipment Direct labor $ 39,000 $ 8,000 $102,000 $ 73,000 $ 31,000 $197,000 $145,000 $ 39,000 $ 78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.
Carmen Company reports the following costs and expenses in March.Factory utilities $ 18,600Direct labor 98,100Depreciation on factory equipment 14,445Sales salaries 46,400 Property taxes on factory building 2,500Depreciation on delivery trucks 9,600Indirect factory labor 48,900Repairs to office equipment 2,300Indirect materials 80,800 Factory repairs 2,000Direct materials used 137,600Advertising 18,000Factory manager’s salary 13,000 Office supplies used 5,370Instructions: From the information, determine the total amount of:(a) Manufacturing overhead.(b) Product costs.(c) Period costs.
Burnham Industries incurs the following costs for the month: Direct materials $1,900 Direct labor 3,100 Factory depreciation expense 3,300 Factory utilities expense 750 CEO's salary 3,900 A. What is the prime cost? B. What is the conversion cost?
Computer Company is a manufacturer of personal computers and tablets. During its first month of manufacturing, Peaton Computer Company incurred the following manufacturing costs: LOADING... (Click the icon to view account balances.) LOADING... (Click the icon to view other information.) Prepare a schedule of cost of goods manufactured for Peaton Computer Company for the month ended January 31, 2024. Data Table Balances: Beginning Ending Direct Materials $10,200 $8,700 Work-in-Process Inventory 0 19,000 Finished Goods Inventory 0 33,000 Data Table Other information: Direct materials purchases $13,000 Plant janitorial services 1,000 Sales salaries expense 7,000 Delivery expense 1,200 Net sales revenue 1,150,000 Utilities for plant 12,000 Rent on plant 7,000 Customer service…
The following is a list of manufacturing costs incurred by Eros Manufacturing Co. during April:Direct materials used P154,800Indirect materials used 63,000Direct labor employed 392,500Indirect labor employed 175,300Utilities expense - factory 91,200Rent expense - factory 140,800Depreciation expense - factory equipment 82,000 Calculate the factory overhead cost incurred. Calculate the direct manufacturing costs for the month of April How much is the conversion cost?