Windsor Company reports the following costs and expenses in May.Factory utilitiesDepreciation on factory equipmentDepreciation on delivery trucksIndirect factory laborIndirect materialsDirect materials usedFactory manager's salaryFrom the information:(a)Manufacturing overhead $LA$18,70015,3705,14060,12098,240168,88010,600 Office supplies usedDetermine the total amount of manufacturing overhead.Direct laborSales salariesProperty taxes on factory buildingRepairs to office equipmentFactory repairsAdvertising$84,68056,0203,0501,6702,44018,3003,160 (b)Determine the total amount of product costs.(c)Product costs $eTextbook and MediaSave for LaterDetermine the total amount of period costs.Period costs $eTextbook and MediaSave for Later

Answer :a) Manufacturing overhead: Factory utilities $18,700 Depreciation on factory equipment…

Answered: factory equipment delivery trucks labor…

Business

Accounting

factory equipment delivery trucks labor $18 15 60

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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✔ 37 8 00:39:04 Mc Graw Hill a 72 2 Use the following data to compute total factory overhead costs for the month: Sales commissions Direct labor Indirect materials Factory utilities Indirect labor Direct materials Corporate office salaries Depreciation-factory equipment # 3 Multiple Choice O $139,600. $128,300. $47,200. $ 10 4 15- % 5 6 $ 11,300 40,100 15,700 9,500 & 14,000 41,000 43,000 8,000 D
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82 Q2 Selected ledger accounts for Realm Company are given below for the just-completed year: Bal. 1/1 Debits Bal. 31/12 Raw Materials 41,000 475,000 82,000 Credits ? 5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? Cost of goods sold Debits Manufacturing Overhead 427,400 Credits Bal. 1/1 Direct materials Direct labour Overhead Bal. 31/12 Debits Work in Process 86,500 Credits 904,100 342,000 132,000 444,600 ? Factory Wages Payable 206,500 Bal. 1/1 Credits 21,000 202,500 Bal. 31/12 17,000 Finished Goods Bal. 1/1 59,800 Credit Debits Bal. 31/12 ? 163,000 Debits Cost of Goods Sold ? Required: 1. What was the cost of raw materials put into production during the year? Cost of raw materials $ 208,000 2. How much of the materials in requirement 1 consisted of indirect materials? Indirect materials $ 41,600 3. How much of the factory labour cost for the year consisted of indirect labour? Indirect labour cost $ 90,000 4. What was the…
5- Sunshine Gardens overhead expenses are: Indirect material pounds per unit Indirect material cost per pound 0.50 $ 1.00 1.00 $ 16.50 $ 0.75 $ 0.20 $10,000 $ 9,000 $ 3,000 $ 1,500 Indirect labor hours Indirect labor rate per hour Variable maintenance per unit Variable utilities per unit Supervisor salaries Maintenance salaries Insurance Depreciation Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare a manufacturing overhead budget for each quarter.
Which accounts are affected when $133,000 of indirect goods are used in production?
omework i Direct materials Direct labor Saved Assembly $ 355 $ 102 Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $14.00 per direct labor-hour and $10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The following information pertains to Job N-60: Testing & Packaging $31 $34 Help Save & Exit Required: 1. What is the total manufacturing cost assigned to Job N-60? Note: Do not round intermediate calculations. Submit 2. If Job N-60 consists of 10 units, what is its unit product cost? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Problem 9
nable Robin Company has the following balances for the current month: Direct materials used $10,000 $25,000 $ 9,800 $ 2,000 $ 6,450 $ 9,650 $ 4,300 Direct labor Sales salaries Indirect labor Production manager's salary Marketing costs Pactory lease What ere Robin's prime costs?
A B 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours 8 9 Actual costs for the year: 10 11 12 13 14 Inventories: 15 16 17 18 19 Use the data to answer the following. 20 Purchase of raw materials (all direct) Direct labor cost Manufacturing overhead costs Raw materials (all direct) Work in process Finished goods D E $ 275,000 25,000 27,760 $375,000 $536,300 $302,750 Beginning $ 15,000 $ 11,375 $ 27,875 $ 22,350 $ 34,600 $ 26,450 Ending F 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: 22 Actual manufacturing overhead cost 23 Predetermined overhead rate 24 Actual direct labor hours 25 Manufacturing overhead applied 26 27 Underapplied (overapplied) manufacturing overhead G H
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