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: the overhead applied to each unit of Product U4 under activity-based costing is closest to: Blound…

A: The pre-determined overhead rate is calculated as the estimated overhead costs divided by the…

Q: Beginning direct materials                                                             $20,900…

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

Q: Statement Of Cost of Goods Manufactured Instructions The following information is available for…

A:

Q: April 30 May 31 Inventories Raw materials Work in process Finished goods Activities and information…

A: The cost of goods sold includes the cost of goods that are sold during the period.

Q: Compute for the ending Finished Goods Inventory under Absorption costing. 2. Compute for the Ending…

A: The Only Difference between Absorption costing and Variable Costing is related to Fixed…

Q: Direct materials used is

A: Compute the total manufacturing cost.

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: Cost of Goods Sold, Cost of Goods Manufactured Sandbagger Company has the following information for…

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

Q: Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,840 Direct labor $…

A: Total manufacturing cost :— It is the sum of direct material used in production, direct labor cost…

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: Identifiable and allocated overhead     Reallocation of service departments:     Dept. 1 Factory…

A: Service department cost Allocation: the service department cost of a company is allocated to the…

Q: 1) Incremental revenue from further processing 2) Incremental cost of further processing 3)…

A: A product should be sold at a split-off point or should be further processed based on the…

Q: Take me to the text Following are GHI Company's production costs for July Direct Materials Direct…

A: The direct costs are the costs that are related directly to the production. The direct costs include…

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: Cost Formula The following amounts of various cost categories are experienced by Patton…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: to allocate O/H. The nd for Job 101 specifical ire company (plant-wide ob if the company uses

A: calculation of annual manufacturing overhead , Total manufacturing cost , overhead cost and bid…

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: quired: repare a schedule of cost of goods manufactured. Assume all raw materials used in production…

A: Introduction:- Income statement shows company's income and expenses over a  period of time.…

Q: Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The…

A: a) The cost of goods manufactured is determined as follows:

Q: Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree…

A: Cost of goods manufactured:— It is the total cost of completed finished goods transferred from work…

Q: Manufacturing Overhead Distribution Worksheet The following are selected operating data for the…

A: a.   overhead distribution worksheet:

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: Mountain Sports manufactures snowboards. Its cost of making 1,890 bindings is as follóws: (Click the…

A: Total Variable cost = Total Cost - Total Fixed cost Difference = Cost of buying - Cost of Making Net…

Q: Johnson Company has the following records:…

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

Q: On Off Company Company Materials inventory, December 1 $82,740 $110,870 Materials inventory,…

A: Income statement of any entity shows its profitability position.

Q: Work−in−Process Inventory has a debit balance of $82,000 and Manufacturing Overhead has a debit…

A: All direct costs are debited to work in process account. Actual overhead incurred is debited to the…

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: Current Attempt in Progress Oriole Company has the following data: Direct labor Direct materials…

A: Direct costs are the expenses that are directly used for the production of goods and services for…

Q: Raw Materials Used: $84,404 Direct Labor: $143,978 Manufacturing Overhead Incurred: $324,608…

A: Introduction:- Cost of Goods Manufactured denotes total cost incurred to manufacture products and…

Q: Required: Cost of goods sold statement P 120,000 80,000 Materials purchases Direct labor October 1 P…

A: Factory overhead = 150% of direct labor cost = 80000 x 150% = 120000

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: Johnson Company has the following records:…

A: We know that, The raw material used in production = Opening stock of raw materials + Purchases of…

Q: Inventory of work in process Inventory of finished goods Direct materials used Direct labor…

A: Cost management is crucial for companies of all sizes and sectors because it has a direct impact 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: 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: The following are Margin Company's production costs for December: Direct Materials $ 105,000 Direct…

A: Direct Cost :— It is the cost that are directly traceable to particular product in production…

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: Direct materials Direct labor Sales revenue Less variable costs. Direct materials Direct labor…

A: Standard costing is a management accounting technique that uses pre-determined standards to estimate…