Use the following data to compute total manufacturing costs for the month:Sales commissionsDirect laborIndirect materialsFactory utilitiesIndirect laborDepreciation-office equipmentDirect materialsCorporate office salariesDepreciation-factory equipmentMultiple Choice$155,500.$136,100.$52,400.$ 12,60041,40017,00010,80015,3006,80042,30044,3009,300< PrevQ Search9 of 39

SHEDULE OF COST OF GOODS MANUFACTURED Schedule of Cost of Goods Manufacturing States the total Cost…

Answered: Use the following data to compute total…

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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Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $16,147 Direct labor 28,777 Factory overhead 33,235 Work in process inventory, March 1 16,074 Work in process inventory, March 31 18,741 Finished goods inventory, March 1 20,228 Finished goods inventory, March 31 22,254 a. Determine the cost of goods manufactured.$fill in the blank 1 b. Determine the cost of goods sold.$fill in the blank 2
please explain last three subparts
rmn.2
jagdish
Use the following data to compute total factory overhead costs for the month: Sales commissions $ 11,300 Direct labor 40,100 Indirect materials 15,700 Factory utilities 9,500 Indirect labor 14,000 Direct materials 41,000 Corporate office salaries 43,000 Depreciation—factory equipment 8,000
A9
1
Acme Incorporated incurs the following costs during July: $ 12,600 27,100 Sales expense Direct labor Factory supplies Advertising 3,600 3,900 19,100 Raw material used *80% of this amount relates to the factory. Required: Calculate Acme's total manufacturing costs for July. Total manufacturing cost Administrative expense Plant depreciation Indirect labor Utilities $ 55,300 $ 22,600 7,300 9,100 11,100-
The following are Margin Company's production costs for December: Direct Materials $ 105,000 Direct Labor 95,000 Factory Overhead 9,000 What amount of costs should be traced to specific products in the production process?
The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $15,039 Direct labor 25,600 Factory overhead 30,572 Work in process inventory, March 1 18,340 Work in process inventory, March 31 20,102 Finished goods inventory, March 1 23,887 Finished goods inventory, March 31 23,750 a. Determine the cost of goods manufactured.$fill in the blank 1 b. Determine the cost of goods sold.$fill in the blank 2
Vala
Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Estimated total manufacturing overhead Estimated total direct labor-hours $ 64.20 $ 17.60 Activity Cost Pools and (Activity Measures) Supporting direct labor (direct labor-hours) 1.4 DLHS 19,000 units The company has a conventional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Batch setups (setups) Product sustaining (number of products) General factory (machine-hours) Total manufacturing overhead cost $50.40 $ 12.40 1 DLHs 69,000 units $1,854,640 95,600 DLHs Required: 1-a. Compute the predetermined overhead rate based on direct labor-hours. 1-b. Using the predetermined overhead rate and other data from the problem, determine the unit product cost of each product. 2. The company is considering replacing its conventional…

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