A partial listing of costs incurred during December at Ganger Corporation appears below: Factory supplies Administrative wages and salaries Direct materials Sales staff salaries Factory depreciation $8,000 $105,000 $153,000 $68,000 $49,000 Corporate headquarters building rent $34,000 Indirect labor Marketing Direct labor $32,000 $103,000 $83,000 The total of the period costs listed above for December is

A partial listing of costs incurred during December at Ganger Corporation appears below: Factory supplies Administrative wages and salaries Direct materials Sales staff salaries Factory depreciation $8,000 $105,000 $153,000 $68,000 $49,000 Corporate headquarters building rent $34,000 Indirect labor Marketing Direct labor $32,000 $103,000 $83,000 The total of the period costs listed above for December is

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 2E: During the month, a company with no departmentalization incurred costs of 45,000 for materials,...

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In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600 (275,000 factory overhead applied and 187,600 direct labor). The total cost transferred to Finished Goods for the period was 3,392,400. The Rolling Department had a beginning inventory of 163,800. a. Journalize for the Rolling Department (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods. b. Determine the balance of Work in ProcessRolling at the end of the period.
During March, the following costs were charged to the manufacturing department: $22,500 for materials; $45,625 for labor; and $50,000 for manufacturing overhead. The records show that 40,000 units were completed and transferred, while 10,000 remained in ending inventory. There were 45,000 equivalent units of material and 42,500 units of conversion costs. Using the weighted-average method, prepare the companys process cost summary for the month.
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
Baldwin Printing Company uses a job order cost system and applies overhead based on machine hours. A total of 150,000 machine hours have been budgeted for the year. During the year, an order for 1,000 units was completed and incurred the following: The accountant computed the inventory cost of this order to be 4.30 per unit. The annual budgeted overhead in dollars was: a. 577,500. b. 600,000. c. 645,000. d. 660,000.
A partial listing of costs incurred during December at Gagnier Corporation appears below: Factory Supplies Administrative wages and salaries Direct materials Sales staff salaries Factory depreciation Corporate headquarters building rent Indirect labor Marketing Direct labor 89,000 325,000 O 310,000 $8,000.00 O 399,000 $105,000.00 $153,000.00 $68,000.00 $49,000.00 $34,000.00 The total of the period costs listed above for December is: $32,000.00 $103,000.00 $83,000.00
The total of the manufacturing overhead costs listed
The total of the manufacturing overhead costs?
The total of the product costs listed above for September is _.
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A partial listing of costs incurred during March at Febbo Corporation appears below: Factory supplies$ 9,000Administrative wages and salaries$ 85,000Direct materials$ 126,000Sales staff salaries$ 30,000 Factory depreciation$ 33,000Corporate headquarters building rent$ 43,000Indirect labor$ 26,000Marketing$ 65,000Direct labor$ 99,000 The total of the product costs listed above for March is: Select one: a. $516,000 b. $68,000 C. $293,000 d. $223,000
A partial listing of costs incurred at SueBelle Corporation during October appears below: Direct Materials $195,000 Utilities, Factory $9,000 Sales Commission $75,000 Administrative Salaries $113,000 Indirect Labor $30,000 Advertising $119,000 Depreciation of Production Equipment $28,000 Direct Labor $105,000 Depreciation of Administrative Equipment $44,000 Based on the information provided, answer the following questions: What is the total amount of product cost listed above? What is the total amount of period cost listed above?
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