Dart Inc. began operations on January 1, 2019. Dart sells a single product for $10 per unit. During 2019, 50,000 units were produced, and 40,000 units were sold. Costs for 2019 were: Direct materials Direct labor Manufacturing overhead Fixed Portion Variable Portion $0 $2.00 per unit produced $0 $1.50 per unit produced $50,000 $0.75 per unit produced $0.25 per unit sold Selling and administrative expenses $80,000 Under absorption costing the fixed overhead deferred in ending inventory is: a. $10,000. b. $14,000. c. $13,000. d. $9,000.

Dart Inc. began operations on January 1, 2019. Dart sells a single product for $10 per unit. During 2019, 50,000 units were produced, and 40,000 units were sold. Costs for 2019 were: Direct materials Direct labor Manufacturing overhead Fixed Portion Variable Portion $0 $2.00 per unit produced $0 $1.50 per unit produced $50,000 Selling and administrative expenses $80,000 Under absorption costing, the total period costs are: a. $90,000. b. $50,000. $0.75 per unit produced $0.25 per unit sold c. $80,000. d. $130,000.

Under absorption costing

Ending Inventoty

TikTokElectronics manufactures an aluminium fibre tripod model“TRI-X” which sells for $1,600.The production cost computed per unit under traditional costing for each model in 2019was as follows: Traditional Costing                                               TRIX Direct Materials                                                   $700 Direct Labour($20/hour)                                     $120 Manufacturing overhead($38 per DLH)              $228 Total per unit cost                                              $1,048 In 2019, TikTokElectronics manufactured 26,000units of TRI-X. Under traditional costing, the gross profit on TRI-X was $552 ($1,600-$1,048). Management is considering phasing out TRI-X as it has continuously failed to reach the gross profit target of $600. Before finalizing its decision, management asks TikTokElectronics management accountant to prepare an analysis using activity-based costing (ABC). The management accountant accumulates the following information…

X Co. Ltd. produces three types of products A, B and C and keeps accounts for Process I, Process II and Process III. Following statements show the relative importance of each type of product in each process : Process I Points Process II Points Process III Points Product A Product B 2 4 2 4 2 1 Product C 8 3 2 Costs for each process for March, 2019 are as follows : Process I Process II $ 9,000 3,000 5,100 Process III $ 9,000 1,800 2,400 Total Materials Labour Overheads 12,000 4,200 3,000 $ 30,000 9,000 10,500 19,200 17,100 13,200 49,500 Production during the period : Product A 600 units ; Product B 300 units ; Product C 900 units. You are required to- (a) prepare a statement showing weighted average production for each process and (b) compute the cost for each type of product.

Managerial Accounting

Broha Company manufactured 1,500 units of its only product during 2019. The inputs for this production are as follows:   450 pounds of Material A at a cost of $1.50 per pound 300 pounds of Material H at a cost of $2.75 per pound 300 direct labor hours at $20 per hour   The firm manufactured 1,800 units of the same product in 2018 with the following inputs:   500 pounds of Material A at a cost of $1.20 per pound 360 pounds of Material H at a cost of $2.50 per pound 400 direct labor hours at $18 per hour   Round all calculations to 2 significant digits.   The total productivity ratio in 2018 is:

Nuvoview Manufacturing uses a normal cost system and had the following data available for 2019: Direct materials purchased on account      $145,000 Direct materials requisitioned                         88,000 Direct labor cost incurred                             127,000 Factory overhead incurred                           148,000 Cost of goods completed                             299,000 Cost of goods sold                                       250,000 Beginning direct materials inventory              34,000 Beginning WIP inventory                                70,000 Beginning finished goods inventory                55,000 Overhead application rate (% DL costs $)          130% Which of the following Answers below best fits in each black space? The ending balance of works in process inventory is________ A: Beginning direct materials inventory B: Beginning works in process inventory C: Cost of goods complete D: Cost of goods sold E: Direct labor incurred F: Direct materials purchased…

Mr. Mohammed  furnishes the following data relating to the manufacture of a standard product during the month of April 2019. Raw materials consumed    OMR  296000 Direct labour charges           OMR   67800 Machine hour worked        21000 Machine hour rate              OMR 3.5 Administrative overheads 25% on works cost Selling and distribution expenses  OMR 0.60 per unit Units Produced 18500 Units Units Sold 16000 at OMR 6.4 per unit You are required to prepare a cost sheet from the above, showing:  (a)The cost of production per unit. (b) Profit per unit sold and  (c) Profit for the period.