Manufacturing cost data for Martinez Company are presented as follows. Indicate the missing amount for each letter (a) through (i). Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Work in process 1/1/27 Total cost of work in process Work in process 12/31/27 Cost of goods manufactured Case A 54,400 44,400 187,700 212,400 177,820 (a) (b) (c) Case B $65,900 82,400 78,100 37,200 10,400 (d) (e) (f) Case C $124,800 97,600 243,000 323,200 67,200 (h) (1)

Manufacturing cost data for Martinez Company are presented as follows. Indicate the missing amount for each letter (a) through (i). Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Work in process 1/1/27 Total cost of work in process Work in process 12/31/27 Cost of goods manufactured Case A 54,400 44,400 187,700 212,400 177,820 (a) (b) (c) Case B $65,900 82,400 78,100 37,200 10,400 (d) (e) (f) Case C $124,800 97,600 243,000 323,200 67,200 (h) (1)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A. Total manufacturing cost? B. Work in Process, 01/01/x1? C. Work in Process, 12/31/x1?
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The following chart shows how costs flow through a business as a product is manufactur cost amounts. Compute the cost amounts in the empty boxes. Materials Activity Raw materials Inventory, beginning $148,000 Production Activity Direct labor used in production $360,000 Work In process Inventory, beginning $87,000 Sales Activity Anished goods Inventory, beginning $ Raw materials $542000 Raw materials available for use in production $ Direct materials used in production $ Total work In proboes Cost of goods manufactured $1,596,000 Cost of goods available for sale $1,741,500 spid Raw materials Inventory, ending $180,000 Factory overhead used in production $760,000 Work in process Inventory, ending Finished goods Inventory, ending $140,200
Production and cost data Production and sales units Selling price (per unit) Materials (per unit) Labor (per unit) Manufacturing overheads Dept. A Standrad 192000 24000 $15 1.7 4.3 Dept. B Designer wear Number of machine set-ups 4 Marketing overheads $50 8 14.2 24 Engineering and PC Marketing and CS 745200 1296000 Use single-rate; direct method to allocate engineering and marketing overheads Engineering overheads include machine setting ($460,800) and inspection ($284,400) activities. Marketing involves channel ($496,000) and branding ($800,000) activities. The inspection and channel costs are driven by the number of units produced & sold. Computing product costs and profits under conventional and ABC approaches
If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID,beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID.,beginning work inproces inventory 2 000 ID., ending work inproces inventory 3 000 ID.,the manufactured cost are
Subject : Accounting
Subject: accounting
If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID., beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID., beginning work in process inventory 2 000 ID., ending work in process inventory 3 000 ID., the manufactured cost are
For each of the following independent cases (A to E), compute the missing values in the table: Total Manufacturing Cost Case A B CO C D E Prime Conversion Direct Cost Cost Direct Manufacturing Materials Labor Overhead $ 9,560 $ 16,470 $ 3,950 10,130 41,500 20,500 57,300 110,600 48,750 7,400 12,650 14,400 $ 10,860 25,200 24,300 42,730 69,250 57,500
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