Criselda Company has provided detail on a variety of costs for Q4:Factory supplies: $9,100• Administrative salaries: $97,500• Direct materials: $153,500• Sales staff salaries: $93,500• Factory depreciation: $48,700• Corporate headquarters building rent: $48,500Indirect labor: $39,500●• Marketing: $103,000Direct labor: $95,400• Factory utilities: $24,100The total of the period costs listed above for Q4 is:Answer: 342500

The period costs are those costs the capital of which is not possible in any kind of assets (like…

Answered: Criselda Company has provided detail on…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Goodman Productions manufacture coffee tables. They have provided the following visualization to assist in evaluating the applied manufacturing overhead vs. the actual manufacturing overhead incurred during the current fiscal period.
Xyz corp-a printing and packaging company has the following cost.Factory Supervisor salary-12,000 Cutting staff salary-15,000 Quality control-12500 Inventory analyst _10,500 Paper and glue-5,000 Office supplies-2,500 Repair of aircon for office-2,800 Repair of exhaust fan- gluing area 3,700 Cutting machine-45 000 Find the manufacturing and non manufacturing cost Find the direct and direct cost
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Corporation manufactures computers. Assume that Mell: • allocates manufacturing overhead based on machine hours • estimated 13,000 machine hours and $93,000 of manufacturing overhead costs • actually used 14,000 machine hours and incurred the following actual costs: Indirect labor $14,000 Depreciation on plant 44,000 Machinery repair 13,000 Direct labor 77,000 Plant supplies 7,000 Plant utilities 7,000 Advertising 33,000 Sales commissions 22,000 What is Mell's predetermined overhead allocation rate?
A sada manufacturer has two operating departments. Miong and Botting Mixing has 600 employees and Botting has 400 employees. Office costs of $320,000 are allocated to operating departments based number of employees. The office costs allocated to the Botting department are Murple Choice O O O $90,000 $64,000 $200,000 $192.000
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Please organize the list (picture) into the corresponding categories: Product Cost: Direct Materials Product Cost: Direct Labor Product Cost: Manufacturing Overhead Period Cost: Selling Expense Period Cost: Administrative Expense
Bell Corporation manufactures computers. Assume that Bell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $93,000 of manufacturing overhead costs. The predetermined overhead rate is $7.75 per machine hour. • actually used 15,000 machine hours and incurred the following actual costs: Indirect labor $14,000 Depreciation on plant 49,000 Machinery repair 17,000 Direct labor 75,000 Plant supplies 5,000 Plant utilities 10,000 Advertising 33,000 Sales commissions 23,000 How much manufacturing overhead would Bell allocate?
Loring Company incurred the following costs last year: Direct materials$216,000Sales salaries$65,000Factory rent24,000Advertising37,000Direct labor120,000Depreciation on the headquarters building10,000Factory utilities6,300Salary of the corporate receptionist30,000Supervision in the factory50,000Other administrative costs175,000Indirect labor in the factory30,000Salary of the factory receptionist28,000Depreciation on factory equipment9,000Sales commissions27,000 Required: Classify each of the costs using the following table format. Be sure to total the amounts in each column. Example: Direct materials, $216,000. Product CostPeriod CostCostsDirect MaterialsDirect LaborManufacturing OverheadSelling ExpenseAdministrative ExpenseDirect materials$216,000 What was the total product cost for last year? What was the total period cost for last year? If 30,000 units were produced last year, what was the unit product cost?

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