The following information relates to Washington, Inc.:   Advertising Costs $11,200 Sales Salary 11,800 Sales Revenue 460,000 President's Salary 300,000 Office Rent 62,000 Manufacturing Equipment Depreciation 1,000 Indirect Materials Used 5,800 Indirect Labor 11,000 Factory Repair and Maintenance 900 Direct Materials Used 28,000 Direct Labor 28,000 Delivery Vehicle Depreciation 1,650 Administrative Salaries 29,500 How much were Washington's product costs?   A. $471,200   B. $576,150   C. $329,500   D. $74,700

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: XYZ Inc. Presented the following data for the first quarter of 2021: Prime Costs P560,000 Factory…

A: Solution 1:   For external reporting purposes, the amount of inventoriable costs must be = Prime…

Q: The following information was obtained from Moreau​ Manufacturing, Inc.:   Advertising Costs $9,000…

A: Product cost is the total cost incurred in manufacturing product. It includes direct labor, direct…

Q: Roderick Company reported the following costs and expenses in May.   Factory utilities P15,600…

A: Given that , Factory utilities                                                     15,600…

Q: Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct…

A:

Q: The following information relates to Chesapeake Inc.   Advertising Costs $10,270 Sales Salary…

A: Solution- Indirect labor 11700 Indirect material 9360 Factory repair and maintenance  910…

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

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

Q: Calculate (a) cost of sales, (b) direct material and (c) direct labor based on the following…

A: a. Compute cost of sales as shown below:

Q: Direct Materials $195,000 Utilities, Factory $9,000 Sales Commission $75,000 Administrative…

A: The costs related to production are product costs and the costs incurred on activities other than…

Q: The PPC department of Ajax shows gross sales of $730,600 for computer supplies and $934,900 for…

A: Contribution margin is the amount which is left after the variable expense or cost is deducted from…

Q: The following data refer to Quest Ltd for the current year: Sales Revenues $575 000 Work in process…

A: Financial statements These refer to the statements representing financial activities which is…

Q: During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs,…

A: Budgeted manufacturing overheads= 28000 Predetermined overhead rate Direct labour hours basis =…

Q: 1) The following information relates to Webster Inc.:   Advertising Costs $10,270 Administrative…

A: This question is related to Cost Accounting. In this question we have been asked to calculate the…

Q: Skysong Company reports the following costs and expenses in May. Factory utilities   $14,200…

A: Product Costs mean the costs incurred directly or indirectly related to the production of a product.…

Q: Given the following information for Dorttmund Corporation:   Advertising costs = 320,000 Office…

A: The cost which is not related to the production of the product i.e. all those costs which are not…

Q: Using the data below, what is the total for product costs? Administrative salaries $83,000…

A: Meaning of Product Cost :-  Product cost refers to the costs incurred to create a product. These…

Q: kysong Company reports the following costs and expenses in May. Factory utilities   $14,200…

A: Cost sheet is a method of allocating total cost into different categories. It helps to identify the…

Q: The Love Manufacturing Company has the following financial information: ·         Manufacturing…

A: The Cost of Goods Sold (COGS) is the cumulative total of direct costs incurred for the goods or…

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: The following information relates to Webster Inc.:   Advertising Costs $10,270 Administrative…

A: Period Costs are those which are not added to the product cost and taken as a whole amount in the…

Q: Marquess Corporation has provided the following partial listing of costs incurred during May:…

A: Direct Materials 197000 Direct Labors 78000     Depreciation of production equipment 39000…

Q: The following information relates to Myer, Inc.: Advertising Costs Sales Salary Sales Revenue…

A: A cost sheet is a method of allocating total cost into different categories such as direct material…

Q: Listed here are the costs associated with the production of 1,000 drum sets manufactured by…

A: Manufacturing cost refers to the sum total of all the costs incurred to manufacture a product. It…

Q: he following cost data for the year just ended pertain to Sentiments, Inc., a greeting card…

A: 1a.

Q: The accounting records of Dela Cruz Corporation revealed the following costs direct material used,…

A: Conversion costs are those costs that are associated with conversion of raw materials into finished…

Q: The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card…

A: Solution: d)Computation of Total product costs as follows under:- Workings:- Cost of goods sold…

Q: Burnham industries incurs the following costs for the month:                   Direct materials…

A: Prime cost =Direct material +Direct labor

Q: Happy Trails has the following information for its manufacturing: Direct Materials $16 Direct Labor…

A: The income statement represents the net income or net loss for the company. It is calculated by…

Q: Within the costing system of Asempa manufacturing company the following types of expense are…

A: Concepts: Cost Classification is grouping the cost elements on the basis of specific characteristics…

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

A: Period costs are those costs which are related to particular period and which can not be allocated…

Q: a. Total prime cost b. Total manfacturing overhead costs c. Total conversion costs

A: a.  Direct material            2,300,000  Direct labor: wages                500,000  Direct…

Q: Related data of Charlene Company:                               Direct materials…

A: Product costs means cost of manufacturing the products and it includes direct material cost, direct…

Q: Last year, Regio Company incurred the following costs: Direct materials  50,000 Direct Labor…

A: As posted multiple sub parts as per our guidelines we are answering only first three sub parts…

Q: The TOYO Manufacturing Company has the following financial information: ·         Manufacturing…

A: Total cost of manufacturing = costs of direct materials used + direct labor costs + manufacturing…

Q: Jasper Company provided the following information for last year: Costs Amount Sales in units 325,000…

A: Sale revenue means the total sales achieved in the year and income statement shows the revenue and…

Q: Sheffield Company reports the following costs and expenses in May. Factory utilities   $16,300…

A: Formulas: Manufacturing overhead = Factory utilities+Depreciation on factory equipment+Indirect…

Q: 3. The following costs were accrued for employee services: direct labor, $75,000; indirect labor,…

A: Answer 1) Predetermined Overhead Rate = Total Mnaufacturing Overhead / Machine-hours…

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: Boris' Car Loft, Inc., began operations on January 1. It manufactures 10,000 automobiles and sold…

A: Product Costs: Product cost means the costs incurred directly or indirectly related to the…

Q: þeang Corporation has two service departments and three producing departments. The following were…

A: Machinery  Assembly Packaging Maintenance  Storeroom Opening balance 1200000…

Q: Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in…

A: Prime Cost=Direct material+Direct Labor+Direct Overhead Cost of goods manufactured=Prime…

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: The following information relates to Curried Away Hot Air Balloons, Inc.: Advertising Costs $ 17,200…

A: A cost sheet is a method of allocating total cost into different categories such as direct material…

Q: Happy Trails has the following information for its manufacturing: Direct Materials $16 Direct Labor…

A: Happy Trails Contribution Margin statement (Using variable costing approach) Particulars…

Q: Davis Corporation reported the following for the month of November: Total hourly wages of plant…

A: Note: Administrative and Advertising expenses are not included in the cost of inventory. These…