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I. ABC company had the following expenses in June. $ 130,000 65,000 12,000 Direct labor Factory Utilities Expense Depreciation on Factory Equipment Materials Stockroom people's salaries (factory) Indirect Materials 13,500 Sales people's salaries 48,900 Property taxes on Factory Equipment 20,000 Property taxes on Sales office 200,000 Factory building repairs 20,000 Advertising Expense 10,000 Office supplies for Admin office Expense 10,000 3,500 4,200 43,000 3,000 Direct Materials used FactoryManager's salary Depreciation on Sales ofice copy machines From the information above determine the total amount of 1 Total Manufacturing Overhead 2 Total Manufacturing/Product Costs 3 Total Non-Manufacturing/Period Costs

I. ABC company had the following expenses in June. $ 130,000 65,000 12,000 Direct labor Factory Utilities Expense Depreciation on Factory Equipment Materials Stockroom people's salaries (factory) Indirect Materials 13,500 Sales people's salaries 48,900 Property taxes on Factory Equipment 20,000 Property taxes on Sales office 200,000 Factory building repairs 20,000 Advertising Expense 10,000 Office supplies for Admin office Expense 10,000 3,500 4,200 43,000 3,000 Direct Materials used FactoryManager's salary Depreciation on Sales ofice copy machines From the information above determine the total amount of 1 Total Manufacturing Overhead 2 Total Manufacturing/Product Costs 3 Total Non-Manufacturing/Period Costs

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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L. ABC company had the following expenses in June. $ 130.000 Factory Utilities Expense Depreciation on Factory Equipment Materials Stockroom people's salaries (factory) Indirect Materials $ 12,000 Direct labor 13,500 Sales people's salaries 48,900 Property taxes on Factory Equipment 20,000 Property taxes on Sales office 200,000 Factory building repairs 65,000 10,000 3,500 Direct Materials used 4,200 FactoryManager's salary Depreciation on Sales ofice copy machines 20,000 Advertising Expense 10,000 Office supplies for Admin office Expense 43,000 3,000 From the information above determine the total amount of 1 Total Manufacturing Overhead 2 Total Manufacturing/Product Costs 3 Total Non-Manufacturing/Period Costs II. Ending June 30 records for June 30 for ABC Company 1,600,000 150.000 Revenue Raw Materials Purchased in Month Direct Labor Cost Advertising Expense Rent on Factory Sales Commissions Maintenance Expense on factory Equip. 55,000 25,000 42,000 70,000 22,000 3,500 35,000 Supplies for the Factory Depreciation on Factory Equipment Indirect labor Cost 50.600 Utilities Expense for Factory Depreciation on Sales Office Cars 12,000 22,000 Raw Mati 12,000 8,000 Finished Goods 35,000 40,000 WIP Beginning Inventory Ending Inventory 15,000 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)
Transcribed Image Text:L. ABC company had the following expenses in June. $ 130.000 Factory Utilities Expense Depreciation on Factory Equipment Materials Stockroom people's salaries (factory) Indirect Materials $ 12,000 Direct labor 13,500 Sales people's salaries 48,900 Property taxes on Factory Equipment 20,000 Property taxes on Sales office 200,000 Factory building repairs 65,000 10,000 3,500 Direct Materials used 4,200 FactoryManager's salary Depreciation on Sales ofice copy machines 20,000 Advertising Expense 10,000 Office supplies for Admin office Expense 43,000 3,000 From the information above determine the total amount of 1 Total Manufacturing Overhead 2 Total Manufacturing/Product Costs 3 Total Non-Manufacturing/Period Costs II. Ending June 30 records for June 30 for ABC Company 1,600,000 150.000 Revenue Raw Materials Purchased in Month Direct Labor Cost Advertising Expense Rent on Factory Sales Commissions Maintenance Expense on factory Equip. 55,000 25,000 42,000 70,000 22,000 3,500 35,000 Supplies for the Factory Depreciation on Factory Equipment Indirect labor Cost 50.600 Utilities Expense for Factory Depreciation on Sales Office Cars 12,000 22,000 Raw Mati 12,000 8,000 Finished Goods 35,000 40,000 WIP Beginning Inventory Ending Inventory 15,000 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)
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