Factory utilities $ 13,500 Direct labor $79,100 Depreciation on 12,650 Factory manager's factoryequipment salary Factory repairs 2,000 Indirect factory labor 48,900 Administrative office 2,640 supplies used Indirect materials 70,800 Sales salaries 48,400 157,600 Advertising Direct materials used 23,000 Assume the manufacturing overhead in May is $160,000, how much would be the total product cost? 1) $236,700 2) $398,850 3) $396,700 4) $475,840

Q: A company has fixed costs of $230,000 and breakeven sales of $1,600,000. Assuming no change in price…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: please provide answer of this Question

A: Detailed explanation:Period Costs are costs not related to production but are necessary to run the…

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: A partial listing of costs incurred during March at ABC Corporation appears below: Direct…

A: PRODUCT COST Product Cost refers to the costs Incurred to Create a Product.  Product Cost…

Q: The Darwin Company reports the following information: Sales Direct materials used $76,500 $7,300…

A: Step 1: Step 2: Step 3: Step 4:

Q: Factory overhead cost and production data for a firm for a year were as follows:   Variable Cost…

A: Factory overhead means all indirect costs incurred in factory related to production and…

Q: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision $ 35,000 Sales commissions $ 15,000…

A: Product costs is the total cost incurred in the manufacturing of the product during the period. It…

Q: GrandSlam Inc. incurred the following costs during March: $158,600 290,000 42,300 100,050 485,000…

A: ''Since you have posted a question with multiple parts, we will solve the first three sub-parts for…

Q: 27 Haskins Company employs material handling employees who move materials between production…

A: Direct Cost :— It is the cost that is directly incurred in the manufacturing of product during the…

Q: Castillo​ Corporation, a​ manufacturer, reports costs for the year as​ follows:   Direct Materials…

A: Period costs are the costs relating to selling and administrative expenses. These do not include…

Q: Last year, Buckner & Jones Company incurred the following costs: Direct materials $42,000 Direct…

A: The product cost includes Direct materials, direct labor and overhead applied costs. The period…

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

A: Correct option: ₱118,000 Incorrect option: ₱150,000 ₱109,000 ₱115,000

Q: Direct Materials $195,000 Utilities, Factory $9,000 Sales Commission $75,000 Administrative…

A: The costs related to production are product costs and the costs incurred on activities other than…

Q: Direct materials $ 78,000     Direct labor $ 40,000     Manufacturing overhead $ 18,000…

A: Period cost is the cost incurred for the particular period. This cost can not be allocated to any…

Q: Vero, Inc. began operations at the start of the current year, having a production target of 68,000…

A: A greater gross margin suggests that a firm keeps a bigger amount of its sales as profit after…

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: 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: Johnson Company has the following records:…

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

Q: Q1: Cost of Goods Manufactured for February Q2: Cost of Goods Sold for February Q3: Operating Income…

A: The cost of goods manufactured is the total cost of production of the company for a particular…

Q: Need answer

A: a. Determine the total amount of manufacturing overhead. Manufacturing overhead includes all…

Q: ob #2333 incurred the following during production: Direct Materials $6,000   Manufacturing labor 25…

A: Total cost refers to to the cost incurred in converting the raw materials into finished goods. This…

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: $ 8,500 $20,900 Direct materials used Direct labor Sales salaries $10,500 $ 1,870 $ 6,070 $ 9,230 $…

A: Conversion cost = Direct labor cost + Direct expense + Factory overhead  Direct labor cost = $20,900…

Q: Ending June 30 records for June 30 for ABC Company Revenue 1,600,000 150,000 55,000 Raw Materials…

A: Cost of Goods Sold (COGS): Cost of goods sold is the direct costs incurred by the business for the…

Q: The following costs were incurred in May:

A: Conversion cost is the cost incurred to convert raw material into finished goods.

Q: Acme Incorporated incurs the following costs during July: $ 12,600 27,100 Sales expense Direct labor…

A: Manufacturing Overhead :— It is the total cost that is indirectly incurred in the manufacturing of…

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: 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: Help

A: Analyzing Knight Company's Costsa. Total Manufacturing OverheadManufacturing overhead includes all…

Q: rker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its…

A: A standard cost is a predetermined target cost that provides a benchmark against which actual…

Q: Using the attached Prepare a schedule of cost of goods manufactured.

A: Cost of Goods Manufactured: It is a term used in managerial accounting that refers to a schedule or…

Q: Adams Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic…

A: The overhead costs comprises Indirect Costs incurred during the production. The overhead rate is…

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…

Q: Direct labor cost Direct materials cost $136,000 88,000 Equipment depreciation (straight – line)…

A: The fixed costs are the costs that remain constant for the period.

Q: Direct labor cost $136,000 Direct materials cost 80,000 Equipment depreciation (straight-line)…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  Fixed cost…

Q: GrandSlam Inc. incurred the following costs during March: $158,600 290,000 42,300 100,050 485,000…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.