Factory utilities Direct labor $79,100 13,500 8,000 Depreciation on 12,650 Factory manager's factoryequipm salary ent Factory repairs 2,000 2,640 Indirect factory 48,900 Administrative office labor supplies used Indirect materials 70,800 Sales salaries 48,400 23,000 Direct materials 157,600 Advertising used How much is the total period cost in May?

Factory utilities Direct labor $79,100 13,500 8,000 Depreciation on 12,650 Factory manager's factoryequipm salary ent Factory repairs 2,000 2,640 Indirect factory 48,900 Administrative office labor supplies used Indirect materials 70,800 Sales salaries 48,400 23,000 Direct materials 157,600 Advertising used How much is the total period cost in May?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 3CE: Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month...

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Direct Materials Used $465,000 Wages to Line Workers 240,000 Office Rent 72,500 Indirect Materials Used 480,000 How much is the total product costs for the year?
Factory utilities $ 13,500 Direct labor $79,100 Depreciation on 12,650 Factory manager's factoryequipment salary Factory repairs 2,000 Indirect factory labor 48,900 Administrative office 2,640 supplies used Indirect materials 70,800 Sales salaries 48,400 157,600 Advertising Direct materials used 23,000 Assume the manufacturing overhead in May is $160,000, how much would be the total product cost? 1) $236,700 2) $398,850 3) $396,700 4) $475,840
Robin Company reported the following costs for the current month: Direct materials used $ 8,500 Direct labor 20,900 Sales salaries 10,500 Indirect labor 1,870 Production manager's salary 6,070 Marketing costs 9,230 Factory lease 4,650 What are Robin's prime costs? Multiple Choice $37,470 $42,500 $31,400 $29,400
Factory utilities $ 13,500 Direct labor $79,100 12,650 Depreciation on factory equipment Factory manager's salary 8,000 Factory repairs 2,000 Indirect factory labor 48,900 2,640 Administrative office supplies used Indirect materials Sales salaries 48,400 Direct materials used 157,600 Advertising 23,000 How much is the manufacturing overhead in May? 1) $145,850 2) $36,150 3) $155,850 4) $158,490
II. Ending June 30 records for June 30 for ABC Company Revenue 1,600,000 150,000 55,000 25,000 Raw Materials Purchased in Month Direct Labor Cost Advertising Expense Rent on Factory Sales Commissions Maintenance Expense on factory Equip, Supplies for the Factory Depreciation on Factory Equipment Indirect labor Cost 42.000 70,000 22,000 3,500 35,000 Utilities Expense for Factory Depreciation on Sales Office Cars 50,600 12,000 22,000 Raw Matl WIP Finished Goods Beginning Inventory Ending Inventory 35,000 40,000 12,000 15,000 8,000 20,000 Prepare the Cost of Goods Manufactured and Cost of goods sold for the month below Create an Income Statement for the month (Simple format, include period costs)
K Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used How much is the total product costs for the year? A. $605,000 OB. $1,155,000 OC. $550,000 OD. $1,199,500 $430,000 120,000 44,500 605,000
In the cost production why is there a values for the labor cost when it is supposed to. be subcontracted? Price Per Liter (in Pesos) 10,000 Salaries Per Month (in pesos) Cost Per Liter Salesman 50,000 Labor 40% of Price Assistant 30,000 Materials 40% of Price Total Salaries 80,000 Selling Expenses Per Month (Pesos) 50,000 Miscellaneous (Per Month) 10,000 Cost Production Particulars January February March Labor Cost (Subcontracted) 0 0 0 Material Cost 200,000 400,000 920,000 Total Cost (production budget) $200,000 $400,000 $920,000 is this the right answer in cost production?
sales revenue by what dollar amount? 11)Corp makes jackets and uses machine-hours as the single indirect-cost rate to allocate O/H. The following estimates are provided for the coming year for the company overall and for Job 101 specifically. Job 101 Company $40,000 $10,000 Manufacturing overhead costs $45,000 Machine-hours 100,000 mh Direct materials Direct labor $2,000 $400 900 mh What is the annual manufacturing overhead cost-allocation rate for Corp's entire company (plant-wide) rate? 12)What amount of O/H costs will be allocated to Job 101? 13) What are the total manufacturing costs of Job 101? 14) What is the bid price (price the company offers to do the work for) for the job if the company uses a 40% markup of total manufacturing costs?
The following are ABC co's production cost for the month of October: Direct Materials P100,000 Direct Labor 90,000 Factory Overhead 4,000 1. The total manufacturing cost? 2. The prime cost? 3. The conversion cost? 4. The cost than can traced to specific product in production process?
Using cost behavior patterns MFG Company experiences the following cost behavior patterns each week:Fixed costs: supervisor’s salary $1,000; factory rent $2,500Mixed costs: utilities $1,500 1 $5.25 per unitVariable costs per unit: manufacturing labor wages $20; supplies used in production $8.50; packaging cost $2.25; warranty cost $4Required:Compute total costs to be incurred for a week with 2,750 units of activity
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Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direct labor 3,000 Manufacturing overhead 2,000 Selling expense 8,000 Last month, 4,000 units were produced and sold. Required: Classify each of the costs as product cost or period cost. Direct materials Direct labor Manufacturing overhead Selling expense What is the total product cost for last month?$ What is the unit product cost for last month?$per unit Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials $400,000 Direct labor 80,000 Manufacturing overhead 320,000 There were no beginning or ending inventories of WIP. Required: What was the total product cost in January?The total product cost in January is $. What was the product cost per unit in…