During its first year of operations, Corvallis Company incurred the following costs: direct materials - $15,000$15,000; production workers wages - $25,000$25,000; sales commission - $12,000$12,000; advertising - $2,500$2,500; rent on the manufacturing plant - $11,000$11,000; depreciation of plant equipment - $9,000$9,000. The company produced 12,00012,000 units and of these sold 8,0008,000. What is the average production cost per unit?

Q: I. ABC company had the following expenses in June. $ 130,000 65,000 12,000 Direct labor Factory…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Belpre Inc. constructed a new office building. Building material costs for the new building were…

A: Cost of the self-constructed building includes material costs , labour costs , allocated overhead…

Q: Loring Company incurred the following costs last year: Direct materials $ 216,000 Sales salaries $…

A:

Q: Dexter company manufaturing costd were as follows: Direct material and Direct Labor P 100,000…

A: Lets understand the meaning of prime cost. Prime cost is a cost incurred to manufacture the product…

Q: Synder corp present the following information for the year ended December 2008. Inventories…

A: Direct material used=Opening material+Purcahse-Closing=$50,000+$155,000-$25,000=$180,000

Q: The Anthony Company, a sole proprietorship, reports the following information pertaining to its…

A: Cost of goods manufactured: It refers to the aggregated expense incurred by the business in the…

Q: Foster has built a new factory incurring the following costs: $'000 Land 1,200 Materials 2,400…

A: We have the following information regarding the cost of the newly built factory:

Q: A machine costing $209,600 with a four-year life and an estimated $16,000 salvage value is installed…

A: Depreciation is charged on value of assets for the normal wear and tear expense and for the repair…

Q: Taylor Enterprises purchased 56,000 pounds (cost = $420.000) of direct material to be used in the…

A:

Q: The following costs were incurred during the year by Hopefully Þepreciation of factory machines Oil…

A: The product cost may be defined as the cost incurred by the business entity mainly by the…

Q: Foster has built a new factory incurring the following costs: $'000 Land 1,200 Materials 2,400…

A: We have the following information:

Q: Windsor Corporation incurred the following costs during 2022. Direct materials used in product…

A: Cost of goods sold = Finished goods inventory, January 1 + cost of goods manufactured - Finished…

Q: In year 1 a company incurred the following indirect costs: Heat and lighting $35,000 Rent and rates…

A: Indirect Cost are the cost which are not directly attributable to the production of the goods or…

Q: Tyra Toy Company incurred the following costs during 20x1: Direct Materials   ₱  5,000,000 Direct…

A: Solution: Fixed cost of 20X1 = Depreciation Plant and equipment + Insurance + Supervisor salary  +…

Q: Loring Company incurred the following costs last year:   Costs Amounts Direct materials $211,000…

A: The cost can be classified into two categories i.e. product cost and period cost. The product cost…

Q: Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the…

A: IRR is the rate of return which makes NPV is zero.

Q: 7. Lopez Corporation incurred the following costs while manufacturing its product. Materials used in…

A: The question is related to manufacture of a product. The cost associated with the manufacturing are…

Q: Water Technology, Inc. incurred the following costs during 20x1. The company sold all of its…

A:

Q: Tom Corporation incurred the following costs while manufacturing its product.   Materials used in…

A: COGS refers to direct cost of producing the goods which are sold by company.

Q: A machine costing $210,600 with a four-year life and an estimated $17,000 salvage value is installed…

A: Depreciation refers to the charge that represents the decline in the value of fixed asset. The…

Q: A machine costing $207,400 with a four-year life and an estimated $17,000 salvage value is installed…

A: Depreciation can be referred to as the fall in the value of a fixed asset due to the usage, wear and…

Q: A machine costing $257,500 with a four-year life and an estimated $20,000 salvage value is installed…

A: The following computations for the machine purchased.

Q: A machine costing $209,000 with a four-year life and an estimated $17,000 salvage value is installed…

A: Given that, cost of the asset = $209000 salvage value of asset = $17000 use ful life of asset = 4…

Q: A machine costing $209,400 with a four-year life and an estimated $19,000 salvage value is installed…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: A machine costing $210,600 with a four-year life and an estimated $17,000 salvage value is installed…

A: Straight line depreciation is a method for charging depreciation expense on the cost of the asset…

Q: A machine costing $213,200 with a four-year life and an estimated $18,000 salvage value is installed…

A: please like the answer your response matters Depreciable amount of the machine = Cost - Salvage…

Q: A machine costing $209,400 with a four-year life and an estimated $19,000 salvage value is installed…

A: Depreciation is the reduction in value in fixed asset over a period of time. This reduction is…

Q: Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or…

A: Given information is: Trak Corporation incurred the following costs while manufacturing its…

Q: Rona Company provided the following charges to the “repair and maintenance account”. Service…

A: Notes: Initial design fee is not yet recorded since there is no extension of the office building…

Q: The Horizon Cable Manufacturing Company incurred the following costs while manufacturing its high…

A: Lets understand the basics. Cost of goods manufactured is a cost for manufacturing goods. On other…

Q: Tyra Toy Company incurred the following costs during 20x1: Direct Materials P 5,000,000 Direct Labor…

A: Total variable cost: The total variable cost refers to the sum of all costs that are affected by the…

Q: A machine costing $215,000 with a four-year life and an estimated $19,000 salvage value is installed…

A: Annual Straight-Line Depreciation Expense=Cost of Asset-Salvage valueUseful Life Double-Declining…

Q: A machine costing $210,000 with a four-year life and an estimated $16,000 salvage value Is Installed…

A: The question is related to Depreciation Accounting. In Straight-line Method of Depreciation the…

Q: Loring Company incurred the following costs last year:Direct materials $ 216,000Factory rent…

A: Costs  Product Cost   Period Costs   Direct Materials   Direct Labor   Manufacturing Overhead…

Q: Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should…

A: The expenses can be recorded as Revenue or capital expenditure depending on the short term benefits…

Q: A machine costing $217,200 with a four-year life and an estimated $20,000 salvage value is installed…

A: Double declining balance method is a method of charging depreciation, under which depreciation is…

Q: Synder corp present the following information for the year ended December 2008. Inventories…

A: Cost of goods manufactured for the year ended December 31,2008 Particulars Amount($) Amount($)…

Q: Tamarisk Corporation incurred the following costs during 2022. Direct materials used in product…

A: Cost of goods manufactured = Total manufacturing costs + Beginning work in process - Closing work in…

Q: Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual…

A: Expenditures:  The useful life of the plant assets signifies the time period, that the company…

Q: Belpre Inc. constructed a new office building. Building material costs for the new building were…

A: Borrowing cost means where the assets like building , take substantial time to build , then interest…

Q: A machine costing $257,500 with a four-year life and an estimated $20,000 salvage value is installed…

A: The declining balance method is a method of charging the depreciation in which the higher amount of…

Q: Synder corp present the following information for the year ended December 2008. Inventories…

A: Formula: Raw materials used = Beginning Raw materials + materials purchased - Ending raw materials…

Q: A machine costing $209,600 with a four-year life and an estimated $16,000 salvage value is installed…

A: Straight Line Method: It is the method of depreciation, the process of expensing an asset over a…

Q: A machine costing $209,600 with a four-year life and an estimated $16,000 salvage value is installed…

A: Straight-line Depreciation = (Original Cost - Salvage Value) / Useful Life   Units of Production…

Q: Tyra Toy Company incurred the following costs during 20x1: Direct Materials   ₱  5,000,000 Direct…

A: Total variable cost: The total variable cost refers to the sum of all costs that are affected by the…

Q: A machine costing $210,400 with a four-year life and an estimated $18,000 salvage value is installed…

A: Solution Given Cost 210400 Salvage value 18000 Useful life in years 4 year…

Q: Swifty Corporation incurred the following costs while manufacturing its product. Materials used in…

A: I am answering the 2nd part as asked by the student. Cost of goods sold represents the cost incurred…

Q: Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5- period, the costs…

A: Net cash flow, years 1-4 = Annual revenue - Annual cost = $27,000 - $18,000 = $9,000 In year 0, Net…