RedRock Manufacturing purchased raw materials worth $180,000, with freight-in $8,000 and trade discount 10%. Calculate the total materials cost. A) $170,000 B) $189,200 C) $112,000 D) $288,000
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- sFor the last 2 months, APAY Mining Co. shipped 8,000 tons and 10,000 tons of coal and incurred ₱400,000 and ₱499,000 in shipping costs respectively. Assuming this activity is within the relevant range, expected shipping costs for 11,000 tons would be:a. ₱422,222b. ₱544,500c. ₱548,500d. ₱554,000Materials used, P326,000. Total manufacturing costs charged to production during the year (including direct materials, direct labor, and factory overhead applied at the rate of 60% of direct labor cost), P686,000. Cost of goods available for sale, P826,000. Selling and general expenses, P25,000. 1.What is the amount of direct materials purchased during the year? 2.What is the total conversion cost? 3.What is the direct labor costs charged to production during the year? 4.How much is the total prime cost? 5.The following selected information pertains to Top Gun Manufacturing Inc.: Direct materials of P625,000, indirect materials of P125,000, direct labor of P750,000, indirect labor of P112,500, and factory overhead (not including indirect materials and indirect labor) of P375,000. How much is the conversion cost.
- Assume the following: Purchases of raw materials $ 38,000 Indirect materials used in production $ 6,000 Beginning raw materials inventory $ 10,000 Ending raw materials inventory $ 14,000 What is the direct materials used in production?11. The financial information for Cub Company is shown below: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 What is the amount for direct labour? $111,000 $112,000 $110,000 $136,000 $84,000Steele Corp. purchases equipment for $25,000. Regarding the purchase, Steele recorded the following transactions: Paid shipping of $1,000 Paid installation fees of $2,000 Pays annual maintenance cost of $200 Received a 5% discount on $25,000 sales price Determine the acquisition cost of the equipment.
- The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600. The total equivalent units for direct materials and conversion are 4,000 tons and 3,855 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of 3,000,000. The beginning finished goods inventory was 25,000 units at 310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow.Steele Corp. purchases equipment for $30,000. Regarding the purchase, Steele paid shipping of $1,200, paid installation fees of $2,750, pays annual maintenance cost of $250, and received a 10% discount on sales price. Determine the acquisition cost of the equipment.
- 13. A company's prime costs total $4,662,000 and its conversion costs total $5,680,000. If direct materials costs are $2,198,000, calculate the overhead costs: a) $3,482,000. b) $3,216,000. c) $1,018,000. d) $2,464,000. e) $2,198,000.2. Wright Company reports production costs for 20X6 as follows: direct materials used $375,000.00 direct labor incurred $250,000.00 manufacturing overhead incurred $400,000.00 manufacturing overhead incurred $145,000.00 Wright Company's inventoriable product cOsis for 20X6 amount to OS1,025,000.00. OS975,000.00, S605,000.00 S925,000.00Salah Company manufactured 100, 000 units in 2022 and reported the following costs:Indirect manufacturing labor $ 275, 200Rental costs - plant $ 384,000Fire insurance - plant 116,000 Depreciation - plant 224, 000Property taxes - plant 32, 000Administration costs 800, 000Direct materials, 1/1/X5 384, 000 Sales revenue 12, 800, 000Direct manufacturing labor 2, 176, 000Direct material purchases 3, 136, 000 Finished goods, 12/31/X5 1,280, 000Sales commissions 640,000Advertising costs 480,000Sales salaries 576, 000 What are the total period costs incurred in 2022 ?
