Francis manufacturers, a manufacturer of wood doors and windows, have prepared the following list of accounts. Advertising $36,000 Assemblers wages 84,200 Production supervisor’s salary 21,400 Depreciation of machinery 9,200 Factory utilities 55,600 Lathe machine (machine for shaping wood) Operators wages 66,400 Machinery repairs 22,600 Office salaries 113,800 Purchase of glue 1,600 Purchase of screws and nails 800 Purchase of pine 99,000 Purchase of oak 250,000 There is no beginning or ending inventory. Calculate the following: (a) Direct material used (b) Direct labor cost (c) Factory overhead (d) Prime cost (e) Conversion cost (f) Production cost
- Francis manufacturers, a manufacturer of wood doors and windows, have prepared the following list of accounts.
|
Advertising |
$36,000 |
|
Assemblers wages |
84,200 |
|
Production supervisor’s salary |
21,400 |
|
|
9,200 |
|
Factory utilities |
55,600 |
|
Lathe machine (machine for shaping wood) Operators wages |
66,400 |
|
Machinery repairs |
22,600 |
|
Office salaries |
113,800 |
|
Purchase of glue |
1,600 |
|
Purchase of screws and nails |
800 |
|
Purchase of pine |
99,000 |
|
Purchase of oak |
250,000 |
There is no beginning or ending inventory.
Calculate the following:
(a) Direct material used
(b) Direct labor cost
(c) Factory
(d) Prime cost
(e) Conversion cost
(f) Production cost
2. Compute cost of goods
Beginning of Year End of Year
Direct materials inventory $22,000 $26,000
Work in process inventory 38,000 30,000
Finished goods inventory 18,000 23,000
Purchases of direct materials 75,000
Direct labor 82,000
Manufacturing overhead 39,000
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