Vaughn Industries has the following data for the month: ⚫ Beginning work in process inventory: $120,000 ⚫ Direct materials used: $85,000 ⚫ Actual overhead: $130,000 • ⚫ Overhead applied: $115,000 ⚫ Cost of goods manufactured: $310,000 ⚫ Ending work in process: $150,000 Vaughn Industries' total current manufacturing costs for the period is: A. $230,000 B. $340,000 C. $330,000 D. $280,000

Vaughn Industries has the following data for the month: ⚫ Beginning work in process inventory: $120,000 ⚫ Direct materials used: $85,000 ⚫ Actual overhead: $130,000 • ⚫ Overhead applied: $115,000 ⚫ Cost of goods manufactured: $310,000 ⚫ Ending work in process: $150,000 Vaughn Industries' total current manufacturing costs for the period is: A. $230,000 B. $340,000 C. $330,000 D. $280,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Orinder Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 275,800, direct labor cost was 153,000, and overhead cost was 267,300. There were 25,000 units produced. Unit manufacturing cost (rounded to the nearest cent) is a. 28.40 b. 27.98 c. 34.95 d. 27.55
Kimber Company has the following unit costs for the current year: Fixed manufacturing cost is based on an annual activity level of 8,000 units. Based on these data, the total manufacturing cost expected to be incurred to manufacture 9,000 units in the current year is: a. 560,000. b. 575,000. c. 615,000. d. 630,000.
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.
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