ILLINOIS MANUFACTURING INCURRED THE FOLLOWING COSTS DURING THE PAST YEAR WHEN PLANNED PRODUCTION AND ACTUAL PRODUCTION EACH TOTALED 25,000 UNITS: COST ITEM DIRECT MATERIALS USED DIRECT LABOR VARIABLE MANUFACTURING OVERHEAD FIXED MANUFACTURING OVERHEAD AMOUNT $300,000 $150,000 $175,000 $125,000 VARIABLE SELLING AND ADMINISTRATIVE COSTS $70,000 FIXED SELLING AND ADMINISTRATIVE COSTS $95,000 IF ILLINOIS USES ABSORPTION COSTING, THE TOTAL INVENTORIABLE COSTS FOR THE YEAR WOULD BE

ILLINOIS MANUFACTURING INCURRED THE FOLLOWING COSTS DURING THE PAST YEAR WHEN PLANNED PRODUCTION AND ACTUAL PRODUCTION EACH TOTALED 25,000 UNITS: COST ITEM DIRECT MATERIALS USED DIRECT LABOR VARIABLE MANUFACTURING OVERHEAD FIXED MANUFACTURING OVERHEAD AMOUNT $300,000 $150,000 $175,000 $125,000 VARIABLE SELLING AND ADMINISTRATIVE COSTS $70,000 FIXED SELLING AND ADMINISTRATIVE COSTS $95,000 IF ILLINOIS USES ABSORPTION COSTING, THE TOTAL INVENTORIABLE COSTS FOR THE YEAR WOULD BE

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
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General Accounting
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Webber fabricating estimated the following solve this question ❓