Data pertaining to Lakers Co.’s manufacturing operations: INVENTORIES   April 1, 20X1   April 30, 20X1 Raw Materials ₱18,000 ₱15,000 Work-in-Process ₱09,000 ₱06,000 Finished Goods ₱27,000 ₱36,000 Additional Information: Direct materials purchased  ₱42,000 Direct labor payroll ₱30,000 Direct labor rate per hour ₱ 07.50 Factory overhead rate per direct labor hours ₱ 10.00 What is the cost of goods manufactured for April? Show solution Group of answer choices ₱150,000 ₱118,000 ₱109,000 ₱115,000

Q: Beginning direct materials                                                             $20,900…

A: Direct Material used = Opening Raw Material + Purchases During the year - Closing Raw Material…

Q: Question 1 Fair Manufacturing Company is a factory in Hong Kong. It has two support departments-…

A: a. Direct Allocation:   Support Department Operating Department   Maintenance Accounting…

Q: None

A: Total overhead costs : Total overhead costs always include costs of each and every aspect of a…

Q: What is the cost of goods manufactured if beginning work in process was $30,000, ending work in…

A: SCHEDULE OF COST OF GOODS MANUFACTUREDSchedule Of Cost Of Goods Manufactured are those costs which…

Q: Activity Cost Pool Activity Measure Estimated Overhead Cost Machining Machine-hours %24 378,000 HR…

A: Activity-based costing is the method of allocation of overheads of the entity to the product for…

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A: Overhead distribution summary        Items…

Q: rm.3

A: To solve this problem, we'll follow these steps:Prepare a schedule of cost of goods…

Q: Current Attempt in Progress Sheridan Inc. has beginning work in process $23,800, direct materials…

A: Total manufacturing cost is the sum of the following costs:Direct Material, Direct Labor,…

Q: The following data from the just completed year are taken from the accounting records of Mason…

A: Cost of goods manufactured is the cost incurred on the making of the goods that are to be…

Q: The related data of Wolverine Company:                                    Purchases of raw…

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

Q: Given the following data: Work in process, beginning Work in process, ending Direct labor costs Cost…

A: The cost of goods manufactured includes the total cost of goods that are finished during the period.…

Q: Muscat Sayarati Co. uses a job-order costing system with a single plantwide predetermined overhead…

A: Given:Total fixed Manufacturing overhead cost=$525000Variable manufacturing overhead=$6 per labor…

Q: Operating Department C Service Department A B 1 2 Total Overhead costs Number of employees Square…

A: The direct method is used for allocating the cost of servicing the department directly on the basis…

Q: Manufacturing overhead        30,800 ·         Increase in direct materials     13, 000 ·…

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

Q: 1. For the year ended December 31, 20x2. prepare the revised income statement for San Mateo Optics,…

A:

Q: Activity Cost Pool Labour related Machine related Machine setups Production orders Product testing…

A: Activity-based Costing -A system for more accurately assigning overhead expenses to goods and…

Q: In its first year of operations a company produced and sold 70,000 units of Product A at a selling…

A: Activity based costing is one of the methods used to allocate the overheads to the products by using…

Q: Johnson Company has the following records:…

A: Raw material used=Raw material, January 1+Purchases-Raw material, January 31=P 54,000+P 72,000-P…

Q: Sales revenue Rent revenue Raw material purchases Energy consumption in production Energy…

A: Cost of Goods Sold  The total sum that your company spent on expenses directly associated with the…

Q: Materials Php 65,000.00 (Php 15,000.00 is indirect) Labor Php 70,000.00 (Php 18,000.00 is indirect)…

A: Period cost is the total cost that is not added to the unit cost of the product. It is the cost that…

Q: Question Content Area Jensen Company reports the following: Line Item Description Amount…

A: The objective of the question is to calculate the product costs for Jensen Company based on the…

Q: Johnson Company has the following records:…

A: Raw materials used = Beginning Raw materials  + purchases of direct materials - ending Raw materials…

Q: The related data of Cyclops Company:                                         Purchases of raw…

A: Cost of goods manufactured can include the direct material used, direct labor, overhead, and changes…

Q: Data pertaining to Lakers Co.’s manufacturing operations: INVENTORIES   April 1, 20X1   April 30,…

A: Cost of goods sold (COGS): The cost of goods sold budget shows the expenses incurred for producing a…

Q: Midiul acturing overneau 1,400,00 $1,000,000 $1,110,000 Direct labor costs $1,860,000 $1,550,000…

A: 3. **Direct Labor Costs**: This refers to the cost of labor directly involved in the manufacturing…

Q: Sharp Enterprises Inventories: March 1 March 31 Raw Material $18,000 $15,000 Work in process 9,000…

A: Cost of goods manufactured -Cost of Goods Manufactured is the total cost incurred for manufactured…

Q: Date Item Debit Credit August 1 Bal., 5,100 units, 2/5 completed 31 Direct materials, 91,800 units…

A: The process costing is followed when a company manufactures the homogeneous products in bulk.It is…

Q: The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials…

A: Factory overhead applied = Factory overhead application rate x Direct labor hours= 25,000 hours x…

Q: Estimated manufacturing overhead $450,000 Estimated direct labor hours Actual manufacturing overhead…

A: Job costing means where actual direct cost is included in specific cost and overhead is applied on…

Q: Factory utilities $ 13,500 Direct labor $79,100 Depreciation on 12,650 Factory manager's…

A: Given the following information: Factory utilities: $13,500 Direct labor: $79,100 Depreciation on…

Q: Direct labor cost Factory overhead Direct labor hours Machine hours Dept. A $ 69,000 $115,920 Dept.…

A: Pre-determined overhead rateThe rate of allocation used for the determination of overheads based on…

Q: The conversion cost is a.S960,000 b.$1,179,000 c.$705,000 d.$564,000

A: Conversion costs are the costs incurred for converting raw material into finished goods so that they…

Q: Units produced this year 45,000 units Units sold this year 53,000 units Direct materials $5 Direct…

A: ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all costs…

Q: Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours. 30,000 37,500…

A: Overhead : Indirect costs incurred while producing goods or services. Overhead costs cannot be…

Q: Factory utilities $ 13,500 Direct labor $79,100 12,650 Depreciation on factory equipment Factory…

A: Given the following information: Factory utilities: $13,500 Direct labor: $79,100 Depreciation on…

Q: Lebron Co. manufactures product X with the following standard costs: Direct materials, 20 yards @…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked

Q: Equipment expense Indirect labor $ 102,000 $ 7,500 Distribution of Resource Consumption Across…

A: Hi student Since there are multiple questions, we will answer only first question.  Activity based…

Q: Direct Materials Used $465,000 Wages to Line Workers 240,000 Office Rent 72,500 Indirect Materials…

A: Formula: Total Product cost = Direct materials used + Wages to line workers + Indirect materials…