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

Q: Purchases = $80,000, custodial services = $10,000, indirect material = $60,000, direct labor =…

A: Manufacturing overhead costs: It refers to the manufacturing cost that is not related to the object…

Q: Current Attempt in Progress Marin Company reports the following costs and expenses in May. Factory…

A: >Manufacturing Overhead is a part of product cost that has been incurred in the production…

Q: Raw materials purchases $250,000 Direct labor 140,000 Depreciation on factory equipment 45,000…

A: Answer: 1)

Q: Factory utilities Direct labor $79,100 13,500 8,000 Depreciation on 12,650 Factory manager's…

A: Solution- Sales salary 48400 Advertising 23000 Administrative office supplies used 2640…

Q: Related Data of Clarisse Company: Direct materials                                        385,000…

A: The answer is Product cost =  direct material + direct labour + manufacturing overhead

Q: Machining Department 60 15,000 Assembly Department 40 Total 100 Item Number of employees . Square…

A: Allocation of Factory Rent: Total Factory Rent=33,000 Ratio is divided on the basis of square foot…

Q: Factory maintenance costs $90,000 Direct labor, wages 352,000 Direct labor, health insurance 32,000…

A: Period costs are costs that cannot be capitalized on a company’s balance sheet. In other words, they…

Q: Factory utilities Direct labor $79,100 13,500 8,000 Depreciation on 12,650 Factory manager's…

A: Given the following information: Factory utilities: $13,500 Direct labor: $79,100 Depreciation on…

Q: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor…

A: Introduction: Product Costs: Costs involved for manufacturing the product which are available for…

Q: Factory maintenance costs $90,000 Direct labor, wages 352,000 Direct labor, health insurance 32,000…

A: Total manufacturing overhead costs = Factory maintenance costs + Indirect labor, health insurance +…

Q: Direct materials cost Janitor's salary Property taxes Direct labor cost Packaging costs Equipment…

A: Fixed costs: Fixed costs means the costs that do not vary with the level of production of goods or…

Q: Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May.…

A: Product Cost and Period Cost: Product costs are  direct costs, which are  related to the production…

Q: Roderick Company reported the following costs and expenses in May. Factory utilities Depreciation on…

A: Manufacturing overheads are the indirect cost incurred in the manufacturing of products. It is…

Q: Factory utilities Indirect labor Advertising P15,000 Depreciation-Factory Equipment 14,500 10,800…

A: Formula: Product costs = Direct materials + Direct labor + Manufacturing overhead

Q: Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The…

A: 1)

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: Nell Corporation manufactures computers. Assume that Nell​: applies manufacturing overhead based on…

A:

Q: Data pertaining to Lakers Co.’s manufacturing operations: INVENTORIES   April 1, 20X1   April 30,…

A: Cost of goods sold (COGS): The cost of goods sold budget shows the expenses incurred for producing a…

Q: Factory maintenance costs $90,000 Direct labor, wages 352,000 Direct labor, health insurance 32,000…

A: All the direct cost are considered as prime cost.

Q: Direct labor 400,000 Indirect labor 180,000 Sales commissions 104,000 Administrative salaries…

A: Journal: Journal is considered as a book of original entry because all the transactions that have…

Q: Ending June 30 records for June 30 for ABC Company Revenue 1,600,000 150,000 55,000 Raw Materials…

A: Cost of Goods Sold (COGS): Cost of goods sold is the direct costs incurred by the business for the…

Q: We know the following for Train Company: Direct Materials: $400,000 Rent on Corporate Sales Office:…

A: Solution:- Calculation of the  product costs as follows:- Introduction:- Product costs include All…

Q: he related data of Jean Grey Company:…

A: Product Costs is the amount of Manufacturing cost

Q: Factory maintenance costs $90,000 Direct labor, wages 352,000 Direct labor, health insurance 32,000…

A: Manufacturing overhead means the cost incurred indirect in factory for the production of goods. All…

Q: Factory utilities $ 13,500 Direct labor $79,100 12,650 Depreciation on factory equipment Factory…

A: Given the following information: Factory utilities: $13,500 Direct labor: $79,100 Depreciation on…

Q: Raw materials purchases $250,000 Direct labor 140,000 Depreciation on factory equipment 45,000…

A: The income statement shows the net income or net loss that includes the revenues and expenses of the…

Q: Gell Corporation manufactures computers. Assume that Gell: • allocates manufacturing overhead based…

A: Predetermined overhead allocation rate = estimated manufacturing overhead rate / Estimated machine…

Q: Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Please…

A: a. Prepare a cost of goods manufactured statement for January.

Q: Indirect factory labor OMR 4,500 Factory utilities OMR 400 Direct materials used 20,000…

A: Manufacturing overhead cost consists of Indirect materials, indirect labor and other costs incurred…

Q: Raw materials consumed =15,000 Direct labour charges =9,000 Machine hours worked -900 hrs Machine…

A: Cost per unit can be calculated based on total sales and total cost incurred. Total cost incurred…

Q: Direct Materials Used $465,000 Wages to Line Workers 240,000 Office Rent 72,500 Indirect Materials…

A: Formula: Total Product cost = Direct materials used + Wages to line workers + Indirect materials…

Q: Manufacturing overhead costs incurred:     Indirect materials $ 15,800 Indirect labor   138,000…

A: 1. Compute the amount of underapplied or overapplied overhead cost for the year.Where, MH stands for…

Q: Direct labor cost $136,000 Direct materials cost 80,000 Equipment depreciation (straight-line)…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  Fixed cost…

Q: Larkspur Company reports the following costs and expenses in May. Factory utilities $16,000…

A: 1. Manufacturing Overheads - This includes cost incurred in preparation of product indirectly.   2.…

Q: Fujita Company produces a single product. Costs accu mulated at the end of the period are as…

A: Raw materials are materials or substances that are used in the production of goods. Commodities that…

Q: 2. Factory utilities $17,000, Direct labor $73,700 Depreciation on factory equipment 13,150, Sales…

A: Manufacturing overheads are those overheads which are incurred to convert raw material into finished…

Q: Peacock Ltd.'s production cost for August are: Particulars Amount Direct Labor Indirect Labor Direct…

A: Factory Overhead:-It includes indirect costs such as indirect material, indirect labor, insurance,…

Q: Factory utilities Sales salaries 11,000 118,000 Sales commissions 49,000 55,000 91,000 55,000…

A: (Note: Since you have posted a multi-part question, we will solve the first three parts for you. For…

Q: The following selected information was extracted from the 20x1 accounting records of Lone Oak…

A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: The following cost data relate to the manufacturing activities of Chang Company during the just…

A: Traditional absorption-based costing allocated costs based on a single cost factor which is…

Q: Factory maintenance costs $90,000 Direct labor, wages 352,000 Direct labor, health insurance 32,000…

A: The product cost comprises of direct materials, direct labor and other manufacturing overhead cost.

Q: Knight Company reports the following costs and expenses in May.   Factory utilities $17,256…

A: Product costs are those costs which are incurred for manufacturing of product and can be allocated…

Q: Details $ Advertising expenses 140,000 Office expenses 400,000 Depreciation of office…

A: In the given question first we will apportion the electricity and insurance charges as given and…

Q: Related data of Charlene Company:                               Direct materials…

A: Period costs are the costs which do not form the part of production cost.

Q: Preparing a schedule of cost of goods manufactured and an income statement for a manufacturing…

A: Income statement: The financial statement which reports revenues and expenses from business…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.