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If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost of goods manufactured is $183,000, what is the total manufacturing cost for the period? Need help

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 11E: Ripley, Inc., costs products using a normal costing system. The following data are available for...

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If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost of goods manufactured is $183,000, what is the total manufacturing cost for the period? Need help

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

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Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2. Determine the cost to be charged to the product for the year. 3. Determine the cost to be charged to factory overhead for the year. 4. Determine the plotted data points using Chart Wizard. 5. Determine R2. 6. How do these solutions compare to the solutions in P4-2 and P4-3? 7. What does R2 tell you about this cost model?
If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost of goods manufactured is $183,000, what is the total manufacturing cost for the period? Question
If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost of goods manufactured is $183,000, what is the total manufacturing cost for the period?
General accounting
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: ( 2) Standard (1) Standard Quantity or Standard Price Cost (1) × (2) $34.44 $15.70 $ 9.40 Inputs Direct materials Hours or Rate 2.10 pounds $16.40 per pound $15.70 per hour $ 9.40 per hour Direct labor 1.00 hours Variable manufacturing overhead 1.00 hours $59.54 Total standard cost per unit Total Variances Reported Price Quantity or Efficiency $ Standard Cost* or Rate $654,360 $ 12,151 F $298,300 $ 4,000 U $ 32,800 U $ Direct materials Direct labor $ 15,700 U Variable manufacturing overhead $178,600 $ 4,400 F *Applied to Work in Process during the period. The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materials purchased during the period were used in production. Work in process inventories are insignificant and can be ignored.
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