Example 4 (HW):From the following data find (A) material cost, (B) price cost, (C) direct cost, (D) productionO/H, (F) cost of production, (G) selling distribution overhead, (H) total cost, (L) selling priceassuming not profit of 10001- Material in hand2- new material purchased3-Director's fees4- Advertising5-Printing & stationarycharges6-Wages of direct workers7-Wages of indirect workers11- price salaries12- Rent of all office13- Rent of show room14- Commission of sales man15- Sales dept. car expenses 15002000600002500005001500350012000250030016- Variable direct expensesPlant&maintenance18- Heating, highting waterfor the office19- Cost of distributing goods 2000700007501000017-repair 30008- Rent of factory building500025009- Postage & telephone10- Water & electricity for thefactory2001000

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Answered: From the following data find (A)…

Business

Accounting

From the following data find (A) material cost, (B) price cost, (C) direct cost,

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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