Answer only 4,5,6 and 7.4.how much is the conversion cost?5.how much is factory cost?6.how much is cost of goods manufactured?7.how much is cost of goods sold? ll 5:26 ...* 74%Module 4 Acti...MODULE 4 ACTIVITYInstruction: Answer the following questions below. You can answer the activityeither handwritten or encoded.The following account balances were taken from Cebu Wine factory for the quarterending March 31, 20B.January 1March 31Raw Materials120,000.00 105,000.00Work in Process250,000.00 275,000.00Finished Goods170,000.00 290,000.00Purchases - Raw Materials110,000.00Freight-In5,000.00Direct Labor308,000.00Indirect Labor45,000.00Indirect Materials65,000.00Amortization of Trademark50,000.0025,000.00Rent Expense FactoryDepreciation - FactoryDepreciation - Office40,000.0048,000.001. How much is direct materials?2. How much is prime cost?3. How much is manufacturing overhead?4. How much is the conversion cost?5. How much is factory cost?6. Hoe much is cost of goods manufactured?7. How much is cost of goods sold?II

Indirect expenses = Amortization of trademark + Rent expenses of Factory+ Depreciation of…

The following account balances were taken from Cebu Wine factory for the quarter ending March 31, 20B. January 1 March 31 Raw Materials 120,000.00 105,000.00 Work in Process 250,000.00 275,000.00 170,000.00 290,000.00 Finished Goods Purchases - Raw Materials 110,000.00 Freight-In 5,000.00 Direct Labor Indirect Labor 45,000.00 Indirect Materials 65,000.00 Amortization of Trademark 50,000.00 Rent Expense Factory Depreciation - Factory Depreciation - Office 25,000.00 40,000.00 48,000.00

The following account balances were taken from Cebu Wine factory for the quarter ending March 31, 20B. January 1 March 31 Raw Materials 120,000.00 105,000.00 Work in Process 250,000.00 275,000.00 170,000.00 290,000.00 Finished Goods Purchases - Raw Materials 110,000.00 Freight-In 5,000.00 Direct Labor Indirect Labor 45,000.00 Indirect Materials 65,000.00 Amortization of Trademark 50,000.00 Rent Expense Factory Depreciation - Factory Depreciation - Office 25,000.00 40,000.00 48,000.00

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter22: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 22.5BPR

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