Given the following information, determine the amount of Profit or Loss: Cost of sales: $46,000 Cost of labor: $54,000 Cost of overhead: $39,000 Total Sales: $120,000
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Given the following information, determine the amount of Profit or Loss:
- Cost of sales: $46,000
- Cost of labor: $54,000
- Cost of overhead: $39,000
- Total Sales: $120,000
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Solved in 3 steps
- Calculate the prime cost from the following information: Direct material purchased: R 100,000 Direct material consumed: R 90,000 Direct labour: R60,000 * Direct expenses: R 20,000 Manufacturing overheads: R 30,000Find the Prime Cost, conversion Cost, Cost of production, total cost, and profit from the following: Direct Materials Rs.20000;Direct Labor Rs. 10000; Factory Expenses Rs. 7000;Administration Expenses Rs. 5000; Selling Expenses Rs. 7000 and Sales Rs.60,000.Compute conversion costs given the following data: direct materials, $363,200; direct labor, $204,600; factory overhead, $192,100 and selling expenses, $39,100. a. $555,300 b. $759,900 O c. $153,000 od. $396,700
- Compute conversion costs given the following data: direct materials, $351,100; direct labor, $207,700; factory overhead, $175,200 and selling expenses, $35,500. a.$139,700 b.$526,300 c.$734,000 d.$382,900Compute conversion costs given the following data: direct materials, $351,300; direct labor, $207,800; factory overhead, $189,700 and selling expenses, $46,300. a. $748,800 b. $143,400 c. $541,000 d. $397,500Find the Prime Cost, conversion Cost, Cost of production, total Cost and profit from the following: Direct Materials Rs.20000; Di rect Labor Rs. 10000; Factory Expenses Rs. 7000; Administration Expenses Rs. 5000; Selling Expenses Rs. 7000 and Sales Rs.60,000.
- Using the data below, what is the total for fixed costs? Administrative salaries S75,000 Depreciation on production equipment 83,000 Manufacturing direct labor 81,000 Manufacturing direct materials 225,000 Advertising 54,000 Lease on headquarters' building 72,000 Indirect labor ** 29,000 Depreciation on sales equipment 37,000 Sales commissions 44,000 Production manager's salary 199,000 Indirect labor ** is a variable cost Total $899,000 $520,000 $483,000 O $557,000 O $491,000The following information were obtained from the records of HILO Company: Production in units 8, 000 Manufacturing costs: Direct Materials P5 per unit Direct labor 3 per unit Variable overhead 1 per unit Fixed overhead total 100, 000 Sales price 40 per unit The operating profit under absorption costing is P30, 000 and the unit sales is 5,000. Questions: a. What is the amount profit/(loss) under absorption costing? (profit/loss) b. What is the total period expense recognized by the company if it used variable costing system? c. What is the total period costs under absorption costing ?Using the data below, what is the total for product costs? Administrative salaries $83,000 Depreciation on production equipment 75,000 Manufacturing direct labor 81,000 Manufacturing direct materials 199,000 Advertising 154,000 Lease on headquarters’ building 72,000 Indirect labor ** 29,000 Depreciation on sales equipment 44,000 Sales commissions 37,000 Production manager's salary 225,000 Indirect labor ** is a variable cost Total $999,000 O A. $646,000 O B. $609,000 OC. $580,000 D. $534,000
- Use the information in the following table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Contribution percent (of sales) O Department A O Department B Department C Dept. A $ 57,000 35,910 21,090 5,820 Dept. B $207,000 107,640 99,360 44,200 Which department contributes the largest dollar amount to total overhead? Department A O Department B O Department C Dept. C $ 77,000 40,810 36,190 9,146 Which department contributes the highest percent (as a percent of sales) to total overhead?The company has the following financial information:Manufacturing overhead- P30,101,800Increase in raw materials- P2,430,000Decrease in work in process- P590,000Increase in finished goods- P1,320,400Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.How much is the cost of goods sold? a. P180,020,800 b. P179,880,400 c. P181,200,800 d. P177,590,800Calculate the direct expenses from the following information: Direct material RO 60,000, Direct labor RO 20,000, manufacturing overheads RO 30,000 and prime cost RO 170,000. a. RO 20,000 b. RO 90,000 c. RO 21,000 d. RO 18,000