P2-4 The following data are available for White Company during the month of July 2015:P 95,000Direct materials purchased80,000Direct labor40,000Indirect materials45,000Indirect labor60,000Other indirect factory costsMarketing expensesOfficer salaries and wages72,00030,00035,000Raw materials inventory, June 3050,000Raw materials inventory, July 31Required: Calculate the following:Total manufacturing costsа.b.Total factory overhead

Direct material used = Beginning Raw material inventory + Direct Materials purchased - ending Raw…

P2-4 The following data are available for White Company during the month of July 2015: P 95,000 Direct materials purchased 80,000 Direct labor 40,000 Indirect materials 45,000 Indirect labor 60,000 Other indirect factory costs 72,000 Marketing expenses Officer salaries and wages 30,000 35,000 Raw materials inventory, June 30 Raw materials inventory, July 31 Required: Calculate the following: Total manufacturing costs Total factory overhead 50,000 a. b.

P2-4 The following data are available for White Company during the month of July 2015: P 95,000 Direct materials purchased 80,000 Direct labor 40,000 Indirect materials 45,000 Indirect labor 60,000 Other indirect factory costs 72,000 Marketing expenses Officer salaries and wages 30,000 35,000 Raw materials inventory, June 30 Raw materials inventory, July 31 Required: Calculate the following: Total manufacturing costs Total factory overhead 50,000 a. b.

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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! Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $25,000; factory rent, $38,000; factory utilities, $21,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 $ 26,000 21,000 10,500 $ 39,000 13,000 6,500 Direct materials Direct labor Applied overhead Costs during April 220,000 153,000 $115,000 100,000 Direct materials 136,000 103,000 Direct labor Applied overhead ? Finished Finished In Status on April 30 (sold) (unsold) process Required: 1. Determine the total of each production cost incurred for April (direct…
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