Cost of Materials Used P40,000 P55,000 P32,000 P28,000 P18,000 P28,000 P18,000 Direct Labor costs Factory Overhead Work in Process, beg. Work in Process, end. Finished Goods, beg. Finished Goods, end.
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A: Direct costs are costs and expenses incurred directly for the production of goods and services.…
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A: Solution: Units % Conversion EUP-Conversion units in process, beg. 1400 25% 350 Units…
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A: Requirement a:Calculate the amount of direct materials purchased during the month.
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Q: Work conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end…
A: Solution: Units % Conversion EUP-Conversion units in process, beg. 1400 25% 350 Units…
Q: Compute conversion costs given the following data: direct materials, $350,600; direct labor,…
A: Conversion cost includes those expenses which are incurred to convert raw material into finished…
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Q: Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR3,440 OMR Direct materials Direct…
A: Total manufacturing overhead applied = 3300 + 6050 + 45000 = 54350
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A: Conversion cost = Direct labor cost + Factory overhead cost
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A: (1) Thus, the total manufacturing cost is $157,300
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A: The total manufacturing costs are calculated as total of direct materials, direct labor and…
Q: Total Work in Work in Cost of Manufacturing Process Process Goods Costs (1/1) (12/31) Manufactured…
A: Calculation of missing figure are as follows
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A: Total production cost or total factory cost refers to the total cost used in the production of the…
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- A. Total manufacturing cost? B. Work in Process, 01/01/x1? C. Work in Process, 12/31/x1?What is the total units to account for (TUTAF) in Department 1? a.20,000 b.18,500 c.19,000 d.18,000 What is the equivalent units of production (EUP) on Materials in Department 1? a.19,500 b.19,000 c.18,500 d.20,000 What is the equivalent units of production (EUP) on Materials in Department 2? a.18,500 b.19,000 c.18,275 d.18,850 What is the equivalent units of production (EUP) on conversion in Department 3? a.19,000 b.18,500 c.18,275 d.18,850 What is the average unit cost of finished goods transferred out from Department 3? a.14.89 b.15.23 c.15.17 d.15.3620. Direct material is a ________. a. Selling and distribution cost b. Manufacturing cost c. Administration cost d. Factory overhead
- If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID., beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID., beginning work in process inventory 2 000 ID., ending work in process inventory 3 000 ID., the manufactured cost areSheridan Company developed the following data: Beginning work in process inventory $ 120000 Direct materials used 520000 Actual overhead 640000 Overhead applied 610000 Cost of goods manufactured 1620000 Ending work in process 90000 How much are total manufacturing costs for the period? $1590000 $1770000 $1530000 $1250000Activity-based costing in an insurance company Umbrella Insurance Company carries three major lines of insurance: auto, workers' compensation, and homeowners. The company has prepared the following report for 20Y2: Management is concerned that the administrative expenses may make some of the insurance lines unprofitable. However, the administrative expenses have not been allocated to the insurance lines. The controller has suggested that the administrative expenses could be assigned to the insurance lines using activity-based costing. The administrative expenses are comprised of five activities. The activities and their rates are as follows: Activity-base usage data for each line of insurance were retrieved from the corporate records and are shown below. a.Complete the product profitability report through the administrative activities. b.Determine the underwriting income as a percent of premium revenue. C.Determine the Operating income as a percent of premium revenue, rounded to one decimal place. d.Interpret the report.
- Describe the Source 01 the data for increasing Work in Process for (a) direct materials, (b) direct labor, and (c) factory overheadIf the prime cost 35 350 ID., Manufacturing overhead 6 000 ID,beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID.,beginning work inproces inventory 2 000 ID., ending work inproces inventory 3 000 ID.,the manufactured cost areRequirement 1. Classify each cost as value-added, non-value-added, or in the gray area between. a. Materials and labor for servicing machine tools b. Rework costs c. Expediting costs caused by work delays d. Materials-handling costs e. Materials-procurement and inspection costs f. Preventive maintenance of equipment g. Breakdown maintenance of equipment Requirement 2. For any cost classified in the gray area, assume 96% is value-added and 4% is non-value-added. How much of the total of all seven costs is value-added and how much is non-value-added? Compute the total cost for the value-added and nonvalue-added costs, then compute what percentage of the total is value-added and how much is non-value-added. Total percent Total cost of total costs Value-added % Non-value-added % Total costs Requirement 3.…
- Bonita Industries developed the following data: Beginning work in process inventory $ 120000 Direct materials used 620000 Actual overhead 740000 Overhead applied 610000 Cost of goods manufactured 1620000 Ending work in process 90000 How much are total manufacturing costs for the period? $1430000 $1590000 $1970000 $1350000How can I do this problem? Required: Calculate the cost per equivalent unit for materials, labor and manufacturing overhead and in total Cost per equivalent unit-Weighted-Average Method Material Labor Overhead Working in process, May 1…. $18,000 $5,500 $27,500 Cost Added during May 238,900 $80,300 $401,500 Equivalent units of production 35,000 33,000 33,000What is the joint cost allocated to product Alt if the company employs physical method? P333,333P316,667P317,333P320,000