shades of the Caribbean design and manufactur ecords of the business reflect the following data a Inventory 1/7/2017 30/6/2018 $230,000 $260,000 $35,000 $24,000 $358,000 $213,000 $975,400 $585,000 Raw Materials Factory Supplies Work in Progress Finished Goods Other information: Sales Revenue Factory Supplies Purchased Direct Factory Labor Raw Materials Purchased
Of the total utilities, 80% relates to manufacturing and 20% relates to general and administrative costs.
2 The property taxes should be shared: 75% manufacturing & 25% general & administrative costs
Questions:
PLEASE ANSWER QUESTIONS: d), e) ,f).
a) Calculate the raw material & factory supplies used by Shades of the Caribbean
b) What is the total manufacturing overhead cost incurred by Shades of the Caribbean during the
period?
c) Determine the prime cost & conversion cost of the product manufactured
d) Prepare a schedule of cost of goods manufactured for the year ended June 30, 2018, clearly
showing total
e) Prepare an income statement for the year ended June 30, 2018, clearly showing the calculation of
Cost of Goods sold. List the non-production
f) Given that the company manufactured 1,600 sun-glasses, compute the company’s unit product cost
for the year.
Step by step
Solved in 2 steps with 2 images
