Saved Required information [The following information applies to the questions displayed below.] McAllister, Inc., employs a normal costing system. The following information pertains to the year just ended. • Total manufacturing costs were $2,500,000. . Cost of goods manufactured was $2,425,000. . Applied manufacturing overhead was 30 percent of total manufacturing costs. . Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost. • Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31. 2. Calculate the total cost of direct materialused during the year

Which of the following would probably properly classified as a step cost with respect to the volume of production ?   Depreciation computed on an annual basis Total salaries paid to quality -control inspectors Real estate taxes President of the company's salary

How to determine the residual income (RI) for the Electronics Division for the past year and for each proposal? Is the division income same as income from operations?

Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows:   EstimatedFixed Cost   Estimated Variable Cost(per unit sold) Production costs:             Direct materials     $26       Direct labor     17       Factory overhead $114,300     13     Selling expenses:             Sales salaries and commissions 23,700     6       Advertising 8,000             Travel 1,800             Miscellaneous selling expense 2,000     5     Administrative expenses:             Office and officers' salaries 23,200             Supplies 2,900     2       Miscellaneous administrative expense 2,660     3       Total $178,560     $72     It is…

Required: 1) Calculate the raw material used by Pro-Leather Company. 2) Calculate the indirect materials used by Pro-Leather Company 3) What is the total manufacturing overhead cost incurred by Pro-Leather Company during the period? 4) Determine the prime cost & conversion cost of the cases manufactured. 5) Prepare a schedule of cost of goods manufactured for the year ended December 31, 2020, clearly showing total manufacturing cost & total manufacturing costs to account for. 6) Prepare an income statement for Pro-Leather Company for the year ended December 31, 2020. List the non-manufacturing overheads in order of size starting with the largest. 7) What is the factory cost per case if Pro-Leather manufactured 19,200 cases for tablets for the year? 8) How does the format of the income statement for a manufacturing concern differ from the income statement of a merchandising entity? thank you very much

A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table:        Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $ 87,000     7,700     10,700     21,700   Activity 2 $ 62,000     8,700     16,700     9,700   Activity 3 $ 116,000     4,200     2,700     3,325      How much overhead will be assigned to Product B using activity-based costing?

The cost of the beginning work in process inventory was comprised of \(\$ 3,000) of direct materials, \(\S 10, 000) of direct labor, and \(\$ 10,000) of factory overhead. Costs incurred during the period were comprised of \(\S 15,000) of direct materials costs, and \(\$ 100,000 \) of conversion costs. The equivalent units of production (EUP) for the period were 9, 000 for direct materials and \(6.000) for conversion. The costs per EUP were: $0.33 per EUP for direct materials and \(\5 3.34) per EUP for conversion. \(\S 1.67) per EUP for direct materials and \(\$ 9.43) per EUP for conversion. \(\$ 1.10) per EUP. \(\$ 2.00) per EUP for direct materials and \(\S 20.00) per EUP for conversion.