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?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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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
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
Rios Corporation reports costs for the year as follows: 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? A. $1,257,500 B. $1,185,000 C. $705,000 D. $480,000 Click
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
A partial listing of costs incurred at Backer Corporation during November appears below: Direct materials $157,000 Direct labor Manufacturing Overhead Selling Expenses Administrative Expenses 114,000 77,000 145,000 99,000 Calculate the total conversion costs for the month: Question 6 options: $234,000 $191,000 $271,000 $244,000 $348,000
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?
ak ces Acme Incorporated incurs the following costs during July: $ 12,600 27,100 3,600 3,900 Raw material used 19,100 *80% of this amount relates to the factory. Sales expense Direct labor Factory supplies. Advertising Total manufacturing cost Administrative expense Required: Calculate Acme's total manufacturing costs for July, $ 67,780 Plant depreciation Indirect labor Utilities $ 22,600 7,300 9,100 11,100
Acme Incorporated incurs the following costs during July: $ 12,600 27,100 Sales expense Direct labor Factory supplies Advertising 3,600 3,900 19,100 Raw material used *80% of this amount relates to the factory. Required: Calculate Acme's total manufacturing costs for July. Total manufacturing cost Administrative expense Plant depreciation Indirect labor Utilities $ 55,300 $ 22,600 7,300 9,100 11,100-
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)
Roderick Company Roderick Company reported the following costs and expenses in May. Factory utilities P15,600 Direct labor P89,100 Depreciation on factory equipment 12,650 Sales salaries 46,400 Depreciation on delivery trucks 8,800 Property taxes on factory building 2,500 Indirect factory labor 48,900 Repairs to office equipment 2,300 Indirect materials 80,800 Factory repairs 2,000 Direct materials used 137,600 Advertising 18,000 Factory manager’s salary 13,000 Office supplies used 5,640 Requirement: Using the given information, determine the total amount of: Manufacturing overhead Product costs Period costs
Peacock Ltd.'s production cost for August are: Particulars Amount Direct Labor Indirect Labor Direct Materials Property Taxes on Production equipment Heat, Light and Power Insurance on Plant and Equipment 15,000 8,000 32,000 1,200 2,500 500 Calculate Peacock Ltd.'s factory overheads for August. a. Factory overheads for August are $21,500 b. Factory overheads for August are $12,200 c. Factory overheads for August are $27,200 d. Factory overheads for August are $30,000