Financial Accounting Question please solve The Thompson Electronics reported total manufacturingcosts of $220,000; manufacturing overhead totalling $50,000and direct materials totalling $80,000. How much is directlabor cost?a. $90,000.b. $150,000.c. $140,000.d. $120,000.e. None of the above.

To calculate the direct labor cost, use the formula: Direct Labor Cost = Total Manufacturing Costs -…

Answered: The Thompson Electronics reported total…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

See similar textbooks

Similar questions

What would be the effect on operating income??
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.00 Direct labor $ 4.20 Variable manufacturing overhead $ 1.30 Fixed manufacturing overhead $ 126,000 Sales commissions $ 1.50 Variable administrative expense $ 0.35 Fixed selling and administrative expense $ 41,400 Required: a. If 9,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,000 units are produced, what is the total amount of indirect manufacturing costs incurred?
Dobosh Corporation has provided the following information: Cost per Unit $ 7.65 $ 4.25 $ 2.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling andadministrative expense $ 2.10 $ 1.15 Cost per Period $ 132,600 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 9,240 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 9,240 units? c. If 10,000 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. d. If 10,240 units are sold, what is the total amount of variable costs related to the units sold? a. Total product cost b. Total period cost c. Variable cost per unit sold d. Total variable costs $ 51,450 e. If 10,240 units are produced, what is the total amount of manufacturing overhead cost incurred? f. If the selling price is…
Asplund Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $ 6.95 Cost per Period $ 3.60 $ 2.00 $ 20,800 $ 1.50 $ 0.45 $ 8,900 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,280 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,280 units? a. Total product cost b. Total period cost
am. 129.
Financial Accounting
Kindly help me with accounting questions
What is total period cost?
Hi expart Provide solution
Please provide answer in text (Without image)
Company XYZ made total sales revenue of $300,000. The variable manufacturing costs were $95,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $47,000 while the fixed selling and administrative expenses were $10,000. How much was the total contribution margin ($)? Finish a. None of the given answers O b. 243,000 O c. 158,000 O d. 185,000 O e. 205.000 NEXT PAGE
Parker manufacturing has the following data solve this general accounting question

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

The Thompson Electronics reported total manufacturing costs of $220,000; manufacturing overhead totalling $50,000 and direct materials totalling $80,000. How much is direct labor cost? a. $90,000. b. $150,000. c. $140,000. d. $120,000. e. None of the above.