19 East Co.'s manufacturing costs are as follows: Direct materials and direct labour $700,000 Other variable manufacturing costs 100,000 Depreciation of factory building and manufacturing equipment 80,000 Other fixed manufacturing overhead 18,000 What amount should be considered product costs for external reporting purposes if the company uses absorption costing? Select one: a. $898,000 b. $880,000 c. $800,000 d. $700,000

19 East Co.'s manufacturing costs are as follows: Direct materials and direct labour $700,000 Other variable manufacturing costs 100,000 Depreciation of factory building and manufacturing equipment 80,000 Other fixed manufacturing overhead 18,000 What amount should be considered product costs for external reporting purposes if the company uses absorption costing? Select one: a. $898,000 b. $880,000 c. $800,000 d. $700,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question 5: The Information below is taken from production department of Salalah Company for August: The number of units produced is 20000. All amounts are in OMR. Total Costs Variable Cost Fixed Cost Direct material cost Total labor cost 800000 500000 110000 Manufacturing Overhead 100000 40000 Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y = f+ yvX. D. Assume Salalah intends to produce 30000 units next month. Calculate total production costs for the month (Ctrl) -
Assume a company has two divisions, Division D and Division E. Division D has provided the following information regarding the one product that it manufactures and sells on the outside market Selling pr por unit (on the outside market) Variable co.. per unit Fixed costs per unit (based on capacity) Capacity in units $ 60 $ 44 $8 20,000 Division E could use Division D's product as a component part in the manufacture of 4,000 units of its own newly-designed product Division E has received a quote of $58 from an outside supplier for a component part that is comparable to the one that Division D makes If the company's divisional managers are evaluated based on their division's profits and Division D is currently selling 15,000 units on the outside market. what is Division D's lowest acceptable transfer price if it were to sell 4,000 units to Division E?
1. Providence Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense lanolevil subivibr The unit product cost under variable costing is: 7,000 mos i h $78 $89 $6 $3 $532,000 $574,000
kk. Subject:- Accounting
A corporation's cost data is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense What is the amount of product costs, if 4,000 units are produced? Multiple Choice O O O O $57,200 $8,800 $44,400 $53,200 Cost per Cost per Unit Period $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 $ 8,800 $ 4,000
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 Total
kk. Subject :- Accounting
14
gpu.9
Production cost : - Raw material cost IDR 125,000,000 - Direct labor cost 200,000,000 - Factory overhead cost 300,000,000 (40% variable cost & 60% fixed cost) Non-production costs: - Administration & general fees IDR 175,000,000 (60% variable cost & 40% fixed cost) - Marketing costs 200,000,000 (50% variable cost & 50% fixed cost) QUESTION:• How much variabel & fixed cost?
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Direct materials and direct labour	$700,000
Other variable manufacturing costs	100,000
Depreciation of factory building and manufacturing equipment	80,000
Other fixed manufacturing overhead	18,000