Calculate the cost of goods manufactured if: ⚫ Beginning work in process inventory was $45,000 ⚫ Ending work in process inventory was $35,000 ⚫ Raw materials used were $80,000 ⚫ Direct labor costs were $65,000 ⚫ Manufacturing overhead was $40,000
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- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Rex Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: What is the activity rate for each cost pool?
- Rocks Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: Â What is the activity rate for each cost pool?If beginning and ending work in process inventories are $6,400 and $16,400, respectively, and cost of goods manufactured is $185,000, what is the total manufacturing cost for the period? ForA product cost is composed of the following:
- How much is direct labor cost?Wildhorse Inc. has beginning work in process $31,300, direct materials used $292,800, direct labor $268,400, total manufacturing overhead $219,600, and ending work in process $38,200. What is the total cost of work in process? Total cost of work in process $ What is the cost of goods manufactured? Cost of goods manufactured +A $Cost of the product?
- What is the cost of goods manufactured if beginning work in process was $30,000, ending work in process was $30,000, raw materials used were $60,000, direct labor was $50,000, and manufacturing overhead was $20,000? $130,000 $160,000 $110,000 $190,000In Mordica Company, total material costs are $34,500, and total conversion costs are $54,500. Equivalent units of production are materials 10,000 and conversion costs 12,000. a. Compute the unit costs for materials and conversion costs. b. Compute total manufacturing costs.Using this information from Planters, Inc., what is the cost per unit under absorption costing? Round to the nearest penny, two decimal places. Planters, Inc data Cost Production Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Amount 10,348 units $248 293 103 1,008,619