Goggles Company has the following information for the year 2019: Total manufacturing costs .....................P5,621,000 Total nonmanufacturing costs ............... 2,370,000 Factory overhead .................................... 1,859,400 Direct materials used ............................. 1,506,200 Indirect materials used .......................... 564,900   How much is the prime cost for the year? Compute for the conversion cost Calculate direct labor employed for the yea

Q: During 2022, Sunland Manufacturing estimated that Job No. 26 would incur $300000 of overhead,…

A: Predetermined Overhead Rate :— It is calculated by dividing estimated overhead cost by estimated…

Q: Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000,…

A: The first step is to calculate the total manufacturing costs. This includes the direct materials,…

Q: The following information is given to you from which you are required to prepare a Statement of Cost…

A: Based on the given information, here is the Statement of Cost and Sales for the period ended on 30th…

Q: During 2020, Hallmark applied $500,000 in overhead. The cost of goods completed during the period…

A: Cost of products sold-out (COGS) refers to the direct prices of manufacturing the products sold-out…

Q: The cost data relating to units of production for the year ending 31st December 2020 are as follows:…

A: Material cost per unit = £60,00020,000 units  = £ 3 per unit  Subcontracted labour cost per unit =…

Q: Robeson Company estimates it will produce and sell 3,000 units next month. Data on costs follows:…

A: Direct materials Price variance = (SP - AP)*AQ = ($9 - $9.25)*1500  = $375 U

Q: The following cost of data to the manufacturing activities of Black Company during the just…

A: COGM is the cost of the inventory that has been manufactured during a period.

Q: Q5. Dabney Corporation has provided the following production and total cost data for two levels of…

A: Variable cost is the cost which changes with change in activity level , such as material cost,…

Q: Compute conversion costs given the following data: direct materials, $366,300; direct labor,…

A: Conversion cost = Direct labor cost + Factory overhead cost

Q: The following information is available for Ethtridge Manufacturing Company for the month ending July…

A: Cost Of Goods Manufactured - It Is The Total Cost Of Completed Finished Goods Transferred From Work…

Q: Acitelli corporation, which applies manufacturing overhead on the basis of machine hours, has…

A: The predetermined overhead rate is the rate at which the overhead is applied to the product. At the…

Q: EB7. 4.4 A company estimates its manufacturing overhead will be $840,000 for the next year. What is…

A: Answer a) Calculation of Predetermined Overhead Rate based on Budgeted Direct Labor hours…

Q: Based on the following information, complete the problems listed below on the Airwolf Helicopters…

A: Break even level in units With fixed cost, price per unit and variable cost per unit, the break even…

Q: A partial listing of costs incurred during February at Urfer Corporation appears below: Factory…

A: Period costs are costs that are expensed in the period they occur.Period costs are costs not tied to…

Q: During 2022, Vaughn Manufacturing estimated that Job No. 26 would incur $300000 of overhead, $500000…

A: Predetermined Overhead Rate :— It is calculated by dividing estimated overhead cost by estimated…

Q: 22. Peter Company provided the following data for the year ended December 31, 2020: Raw materials…

A: Manufacturing cost means the cost which is incurred in factory or related with production of goods…