Derrald company manufacturers showboards solution this general accounting question Derrald Company manufactures snowboards. Costs forJanuary were as follows. Indirect labor $11,000; Directmaterials 36,000; Income tax expense 14,000; Indirectmaterials 5,000; Property taxes on the factory building 18,000;Direct labor 31,000; Salespersons commissions 9,000; Interestexpense 17,000; Insurance on manufacturing equipment12,000. What is Derrald Company's actual manufacturingoverhead for January?

Step 1: Define Manufacturing OverheadThe manufacturing overhead consists of indirect costs of the…

Answered: Derrald Company manufactures…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. Wood used to produce desks ($125,00 per desk) Production labor used to produce desks ($15 per hour) Production supervisor salary ($45,000 per year) Depreciation on factory equipment ($60,000 per year) Selling and administrative expenses ($45,000 per year) Rent on corporate office ($44,000 per year) Nails, glue, and other materials required to produce desks (varies per desk) Utilities expenses for production facility Sales staff commission (5% of gross sales)
Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. 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, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? 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?
Doofenshmirtz Inc. incurs the following costs: $760 for factory workers salaries$690 for direct materials$1270 for commissions$270 for factory supervisor salaries$1050 for depreciation on office equipment at the CEO headquarters$110 for paying a factory accountant$80 for indirect materials. What is the total period cost?
Here are selected basic data for Boston Bracing Company: Estimated manufacturing overhead $253,500 Factory utilities $31,000 Estimated labor hours 35,000 Indirect labor $23,000 Actual direct labor hours 36,000 Sales commissions $53,800 Estimated direct labor cost $325,000 Factory rent $48,300 Actual direct labor cost $320,000 Factory property taxes $28,900 Factory depreciation $66,800 Indirect materials $33,700 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs? Question 42 options: $285,500 $228,800 $262,500 $231,700
Here are selected basic data for Wilson Company: Estimated manufacturing overhead $243,750 Factory utilities $30,200 Estimated labor hours 35,000 Indirect labor $22,700 Actual direct labor hours 36,000 Sales commissions $54,100 Estimated direct labor cost $325,000 Factory rent $47,700 Actual direct labor cost $320,000 Factory property taxes $29,100 Factory depreciation $65,800 Indirect materials $33,700 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs?
Here are selected basic data for Wilson Company: Estimated manufacturing overhead $243,750 Factory utilities $31,100 Estimated labor hours 35,000 Indirect labor $22,800 Actual direct labor hours 36,000 Sales commissions $54,300 Estimated direct labor cost $325,000 Factory rent $47,700 Actual direct labor cost $320,000 Factory property taxes $28,700 Factory depreciation $65,500 Indirect materials $33,300 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs?
The accounting records of Dixon Company revealed the following costs: direct materials used, $290,000; direct labor, $475,000; manufacturing overhead, $381,000; and selling and administrative expenses, $210,000. What is Dixon's product costs total?
Guaranteed Appliance Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $555,000; assembly-line workers, $187,000; security guards, $55,000; and plant supervisor, $137,000. What is the total of Guaranteed’s direct labor cost?
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $510 each. Costs 1. Plastic for casing—$17,000 2. Wages of assembly workers—$86,000 3. Property taxes on factory—$6,000 4. Accounting staff salaries—$36,000 5. Drum stands (1,000 stands purchased)—$31,000 6. Rent cost of equipment for sales staff—$48,000 7. Upper management salaries—$170,000 8. Annual flat fee for factory maintenance service—$13,000 9. Sales commissions—$20 per unit 10. Machinery depreciation, straight-line—$45,000 2. Compute the manufacturing cost per drum set. TrueBeat Calculation of Manufacturing Cost per Drum Set Item Total cost Per unit cost Variable production costs Total variable production costs Fixed production costs Total fixed production costs Total production cost
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $510 each. Costs 1. Plastic for casing—$17,000 2. Wages of assembly workers—$86,000 3. Property taxes on factory—$6,000 4. Accounting staff salaries—$36,000 5. Drum stands (1,000 stands purchased)—$31,000 6. Rent cost of equipment for sales staff—$48,000 7. Upper management salaries—$170,000 8. Annual flat fee for factory maintenance service—$13,000 9. Sales commissions—$20 per unit 10. Machinery depreciation, straight-line—$45,000 Required:1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.) Cost by Behavior Cost by Function Costs Variable Fixed Product Period 1. Plastic for casing $17,000 $17,000 2. Wages of assembly workers 3. Property taxes on factory 4. Accounting…
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $20,000 $15,000 Direct labor $12,000 $24,000 The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)

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