Dexter company manufaturing costd were as follows: Direct material and Direct Labor P 100,000 Depreciation of manufacturing equipment P70,000 Depreciation of manufacturing building P40,000 Janitors wages for cleaning factory premises P15,000 How much is the prime cost?
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Dexter company manufaturing costd were as follows:
Direct material and Direct Labor P 100,000
Depreciation of manufacturing building P40,000
Janitors wages for cleaning factory premises P15,000
How much is the prime cost?
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- How would each of the following costs be classified if units produced is the activity base? a. Salary of factory supervisor ($120,000 per year) b. Straight-line depreciation of plant and equipment c. Property rent of $11,500 per month on plant and equipmentThe following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Consider the following costs: £ Production supervisor’s salary 34,000 Direct materials 27,000 Selling expenses 16,000 Indirect materials 22,000 Depreciation of factory equipment 25,000 Direct labour 23,000 Utilities for factory 9,000 Administrative expenses 21,000 What is the total amount of manufacturing overhead? a. £89,000 b. £68,000 c. £90,000 d. £140,000
- Calculate the prime cost from the following information: Direct material purchased: R 100,000 Direct material consumed: R 90,000 Direct labour: R60,000 * Direct expenses: R 20,000 Manufacturing overheads: R 30,000Which of the following costs is a mixed cost? a.straight-line depreciation on factory equipment b.electricity costs of $3 per kilowatt-hour c.salary of a factory supervisor d.rental costs of $10,000 per month plus $0.30 per machine hour of useFind the Prime Cost, conversion Cost, Cost of production, total Cost and profit from the following: Direct Materials Rs.20000; Di rect Labor Rs. 10000; Factory Expenses Rs. 7000; Administration Expenses Rs. 5000; Selling Expenses Rs. 7000 and Sales Rs.60,000.
- 1. Vera Santos Corporation's manufacturing costs were as follows: Prime Costs P560,000 Variable manufacturing overhead costs P80,000 Straight-line depreciation of factory building and equipment P60,000 Factory supervisor's salary (8,000 per month) P96,000 Other fixed factory overhead P40,000 What amount should be considered product cost for external reporting purposes?Find the Prime Cost, conversion Cost, Cost of production, total cost, and profit from the following: Direct Materials Rs.20000;Direct Labor Rs. 10000; Factory Expenses Rs. 7000;Administration Expenses Rs. 5000; Selling Expenses Rs. 7000 and Sales Rs.60,000.The company has the following financial information:Manufacturing overhead- P30,101,800Increase in raw materials- P2,430,000Decrease in work in process- P590,000Increase in finished goods- P1,320,400Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.How much is the cost of goods sold? a. P180,020,800 b. P179,880,400 c. P181,200,800 d. P177,590,800
- Q.5) Compute: i) Prime Cost ii) Factory CostMaterial = Rs. 75,000 ( 80% Direct )Labour = 100,000 ( 20 % Indirect )Conversion Cost = 180,000 (Indirect Material and Labour are included) Q.7) Compute: i) Direct Labour ii) Conversion Cost Factory Cost = Rs. 500,000Prime Cost = three-fifth of the Factory Cost.Direct Material = one-fifth of the Factory Cost.Subject: Cost management & accounting Q.7) Compute: i) Direct Labour ii) Conversion Cost Factory Cost = Rs. 500,000Prime Cost = three-fifth of the Factory Cost.Direct Material = one-fifth of the Factory Cost. Q.11) Compute: i) Prime Cost ii) Factory Over Headiii) Factory Cost iv) Conversion CostMaterial = Rs. 120,000 [ 15 % Indirect]Labour = 150,000 [ 75 % Direct]Rent = 25,000 [ 40 % Office]Fuel & Power = 40,000 [ 100% Factory]Utilities Expense = 8,000 [ 25 % Factory]Supervisor Salaries = 30,000 [ 60 % Factory]Depreciation = 45,000 [ 15 % Furniture, 25% Factory Building, 15% Office Building & Remaining for Factory Machines ]b) Refer to the following data: Direct material used $180 000 Advertising costs $ 5 000 Indirect labour $ 8 000 Rent on corporate office $ 20 000 Depreciation on factory equipment $ 60 000 Direct labour $ 30 000 Factory cleaners wages $ 20 000 Indirect materials $ 35 000 Required (show your workings for each question): Determine each of the following costs: (list the costs under each cost category when calculating the answer). Product costs