Direct Materials$195,000Utilities, Factory$9,000Sales Commission$75,000Administrative Salaries$113,000Indirect Labor$30,000Advertising$119,000Depreciation of Production Equipment$28,000Direct Labor$105,000Depreciation of Administrative Equipment$44,000What is the total amount of product cost listed above? Show your work.What is the total amount of period cost listed above? Show your work.

Answered: Direct Materials $195,000 Utilities,…

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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Use the following data to compute total manufacturing costs for the month: Sales commissions Direct labor Indirect materials Factory utilities Indirect labor Depreciation-office equipment Direct materials Corporate office salaries Depreciation-factory equipment Multiple Choice $155,500. $136,100. $52,400. $ 12,600 41,400 17,000 10,800 15,300 6,800 42,300 44,300 9,300 < Prev Q Search 9 of 39
The related data of Jean Grey Company: Direct materials P85,000 Depreciation on factory equipment 12,500 Factory janitor’s salary 12,000 Direct labor 67,800 Utilities for factory 12,500 Selling expenses 28,000 Production supervisor’s salary 20,000 Administrative expenses 35,700 Rent expense - Head office 12,800 Rent expense - Factory 20,000 Depreciation on office equipment 8,500…
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 $
Selected data for Lemon Grass, Inc. for the year are provided below: Factory Utilities $2,100 Indirect Materials Used 32,500 Direct Materials Used 309,000 Property Taxes on Factory Building 5,400 Sales Commissions 83,000 Indirect Labor Incurred 20,000 Direct Labor Incurred 145,000 Depreciation on Factory Equipment 6,800 What is the total manufacturing overhead? A. $52,500 B. $14,300 C. $454,000 D.
Related Data of Clarisse Company: Direct materials 385,000 Dircet Labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - factory 30,000 Salaries expense - head office 350,000 Salaries expense - factory officers 200,000 How much is the total period costs?
Related data of Charlene Company: Direct materials P385,000 Direct labor 318,900 Indirect materials 12,500 Other factory expenses 35,400 Selling expenses 125,000 Administrative expenses 85,000 Depreciation expense - Head office 20,000 Depreciation expense - Factory 30,000 Salaries expense - Head office 350,000 Salaries expense - Factory officers 200,000 What is the amount of the product…
What is the answer for number 13?
Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $40,000 Direct materials used Direct labor Beginning work in process Ending work in process 20,000 Manufacturing overhead Beginning finished goods 50,000 Operating expenses Ending finished goods 30,000 $240,000 100,000 300,000 350,000
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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.
15. The Logicom Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Product costs are A. $35,000 B. $29,200 C. $30,300 D. $24,500 $76,500 7,300 4,700 5,900 10,500 4,200 1,200 15,600 8,900 1,200
The following information has been provided by Charity Company: Cost of goods manufactured P 7,500,000 Work-in-process, beginning 1,200,000 Work-in-process, ending 1,400,000 Direct labor 4,000,000 Materials used in production 1,500,000 What is the amount of Factory Overhead? Group of answer choices P 2,200,000 P 5,500,000 P 1,400.000 P 2,000,000

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Direct Materials	$195,000
Utilities, Factory	$9,000
Sales Commission	$75,000
Administrative Salaries	$113,000
Indirect Labor	$30,000
Advertising	$119,000
Depreciation of Production Equipment	$28,000
Direct Labor	$105,000
Depreciation of Administrative Equipment	$44,000