Calculate Manufacturing Cost?

Q: Trio Company reports the following information for the current year, which is its first year of…

A: cost per unit of finished good = direct material cost per unit + direct labor cost per unit +…

Q: Product- A Product-B Production 10,000 units 8,000 units 900 units Beginning Inventory Ending…

A: Prime cost means the direct material and direct labor cost. Direct material means material used in…

Q: Menlo Company manufactures and sells a single product. The following information has been provided…

A: We know that under marginal costing  Profit = Sales Revenue - Total Variable cost - Total Fixed…

Q: Afridi Inc. has provided the following data for the month of August. The balance in the Finished…

A: Work in progress means the goods which is manufactured  partially in the production process and not…

Q: DesMaris Company had the following income statement for the month of November 2018: DesMaris…

A: Breakeven sales volume is that level of sales at which business is only recovering its fixed costs…

Q: Torid Company processes 18,700 gallons of direct materials to produce two products, Product X and…

A: Production method:Production method is the processes and techniques that are used to manufacture a…

Q: Afridi Inc. has provided the following data for the month of August. The balance in the Finished…

A: Cost of goods sold (COGS) refers to the cost including the costs which are directly related to the…

Q: Latourneau Company had the following account balances as of August 1, 2010:   Raw Material (direct…

A: Raw material means the material purchased and still not enter in to the production lines. Work in…

Q: Prepare a budget in the same format for the month ended 31st March 2016 assuming that the factory…

A: Below is the budget given for 50,000 units:

Q: P2-3 Pink Company provided the following information as of May 31, 2015: P 900,000 Sales 300,000…

A: Cost of goods sold = Sales - sales x 30% = 900000 - 900000*30% = 630,000

Q: Dorothy Products sells its products for $40 per unit. Additional data for the month of April, 2014,…

A: Fixed manufacturing overhead per unit = Fixed manufacturing overhead / Units produced = $20000/10000…

Q: Information from the records of the Abel Corporation for July 2018 was as follows: Sales $1,230,000…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: Superior Company, which started business on April 1, uses a standard cost system in accounting for…

A: 1)Material quantity variance: Material quantity variance = (Actual quantity - Standard quantity) *…

Q: Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials…

A: Cost of goods Manufactured: Cost of Goods Manufactured, also known to as COGM, is a term used in…

Q: Calculate number of units manufactured till January 1 Calculate cost per unit manufactured during…

A: Cost of goods sold can be defined as the total cost of goods which includes various direct and…

Q: Menlo Company manufactures and sells a single product. The following information has been provided…

A: Break-even point is the point at which the entity does not make any profit or loss  That is Selling…

Q: Presented below are Truck Company's monthly manufacturing cost data related to its personal computer…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: The following information relates to EAZ Company for the year ended December 31, 2018: Raw materials…

A: Cost of goods manufactured - Cost of Goods Manufactured is the total cost incurred for manufactured…

Q: Dan Wood Ltd commenced business on 1st January 2020 making one product only, which sells for K160…

A: Under Variable/Marginal costing, only direct variable costs are charged to the cost of a product…

Q: The following were taken from the books of Curtis Company: January 1: RM $270,000; WIP $0; FG…

A: Total purchases for quarter ending March 31 = Direct materials used + RM on March 31 - RM on January…

Q: The following data refer to Nani's Fashions for the current year: Sales Revenues $475,000 Work in…

A: A ) Schedule of cost of goods manufactured for Nani's Fashion:

Q: Dan Wood Ltd commenced business on 1st January 2020 making one product only, which sells for K160…

A: (a) Given Sales units for January, February and March are 2,400 ; 2500 ; 3,800 units respectively.…

Q: The following transactions relate to the SHAINA CORP. for the month of November 2015: Product - A…

A: Manufacturing cost indicates the cost incurred by the entity in the production of goods, it…

Q: The following information is available for the first year of operations of Creston Inc., a…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS  Calculation of cost of goods sold     a.…

Q: The following information is obtained from the company’s records for 2014:  Total manufacturing…

A: Direct labor cost is the amount of wages paid to the workers who are directly involved in the…

Q: At the end of January, ABC firm had 3,400 units in ending inventory with a total cost of $19,040.…

A: The Income Statement seems to be a financial statement that really indicates a company's earnings…

Q: Amex Company, which has woolen scarves to produce, has provided the following data  concerning its…

A: Under absorption costing, gross profit is calculated as difference between sales and cost of goods…

Q: Stencil Co. reported the following data for the year 2018: Gross Profit P 192,000 Cost of Goods…

A: Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - Ending…

Q: Amex Company, which has woolen scarves to produce, has provided the following data  concerning its…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Mina Manufacturing Company purchases of materials during March totaled P110,000. While direct labor…

A: The financial statement that records all the expenses and receipts of an organization during a…

Q: Data about Genesis Company production and inventories for the month of October are as follows:…

A: Cost Sheet : Particulars Amount (P) Direct Material Purchased  ( 143,440 - 2,440 ) 1,41,000…

Q: The following data relates to the operation of Cambridge Manufacturing Company for the year ended…

A: Costing is an important activity that is associated with manufacturing industries in order to assess…

Q: The following figures for the month of April, 2012 were extracted from the records of a factory:…

A: A cost sheet is a statement prepared to determine the cost of the product, profit margin, sales…

Q: On December 1, the Amor Company had the following inventories; materials, P24,000;work in process,…

A: Conversion Cost:- it includes the direct labor and other overhead expenses incurred in the…

Q: The following transactions relate to the AKHTER CORP. for the month of November 2015:     Product…

A: Prime cost includes direct expenses related to Manufacturing of a goods. Major component of Prime…

Q: The data related to Macro build company present the following data for the month of August 2018.…

A: Factory overhead = Direct labor cost / 160% = $16,000 / 160% = $10,000

Q: No Sugar Corporation began its operations on January 1, 2007 and produces a single product that…

A: The income statement is prepared to find the net income or losses incurred during the period.  The…

Q: Dan Wood Ltd commenced business on 1t January 2020 making one product only, which sells for K160 per…

A: 1. Direct Material Cost per unit = 3kg x K5 = k15  2. Direct Labor Cost per unit =4 hours x K10 =…

Q: Doom Bhd manufactures and sells a single product. Cost data for the product are given below:…

A: Formula: Fixed manufacturing overhead per unit = Total fixed manufacturing overhead / Total number…

Q: Selected nominal account balances of Seneca Products Corporation as of December 31, 2010 were as…

A: Cost of goods sold is the total cost incurred for manufacturing the product. It includes the amount…

Q: Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the…

A: Answer:  $40 000 debit

Q: Trio Company reports the following information for the current year, which is its first year of…

A: Under Absorption costing, Fixed overhead is considered as a product cost and therefore added to the…

Q: The following transactions relate to the SHAINA CORP. for the month of November 2015:     Product…

A: Manufacturing Cost = Direct material cost + Direct labour cost + Factory Overhead Cost

Q: worked 30,000 5 Machine hours operated 10,00

A: a)Selling Price of Order Number 123: I. Direct labor hours Particulars Amount Direct materials…

Q: a.  Prepare a statement of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods…

A:

Q: The following information is obtained from the company’s records for 2014:  Total manufacturing…

A: The total manufacturing cost refers to the amount incurred in the particular period for…

Q: The following transactions relate to the SHEHNILA CORP. for the month of November 2015:…

A: Conversion cost=Direct labor + manufacturing overhead