XYZ Company reports the following costs and expenses in May. Factory utilities OMR 15,600 89,100 12,650 Direct labor Depreciation on factory machinery Sales salaries 46,400 Property taxes on factory building Depreciation on delivery trucks Indirect factory labor Repairs to office equipment 2,500 8,800 48,900 2,300 80,800 2,000 137,600 18,000 13,000 5,640 Indirect materials Machinery repairs Direct materials used Marketing Factory manager's salary Office supplies used Requirements: 1. From the information, complete the following table to determine the total amount of. a. Product costs. b.Period costs.

XYZ Company reports the following costs and expenses in May. Factory utilities OMR 15,600 89,100 12,650 Direct labor Depreciation on factory machinery Sales salaries 46,400 Property taxes on factory building Depreciation on delivery trucks Indirect factory labor Repairs to office equipment 2,500 8,800 48,900 2,300 80,800 2,000 137,600 18,000 13,000 5,640 Indirect materials Machinery repairs Direct materials used Marketing Factory manager's salary Office supplies used Requirements: 1. From the information, complete the following table to determine the total amount of. a. Product costs. b.Period costs.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.11E

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Metlock Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information $13,300 10.870 3,340 Manufacturing overhead 42,120 69,440 118,480 7,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead.. $59,480 39,820 2.150 1,130 1,720 12.900 2,260 su
Sage Hill Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: (a) $16,900 Manufacturing overhead $ 13,870 4,540 54,120 88,640 152,080 9,400 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead. $76,280 50,620 2,750 1,490 2,200 16,500 2,860
Skysong Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $17,500 14,370 4,740 56,120 91,840 157,680 9,800 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $79,080 52,420 2,850 1,550 2,280 17,100 2,960
Use the following data to compute total factory overhead costs for the month: Sales commissions. Direct labor Indirect materials. Factory utilities Indirect labor Direct materials Corporate office salaries Depreciation-factory equipment Multiple Choice $ 11,400 40,200 15,800 9,600 14,100 41,100 43,100 8,100
Robin Company reported the following costs for the current month: Direct materials used Direct labor Sales salaries Indirect labor Production manager's salary Marketing costs Factory lease What is Robin's total manufacturing overhead? Multiple Choice O $14,400 $28,800 $20,800 $ 24,000 36,800 19,200 4,800 9,600 14,400 6,400 $33,600
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: March 31 Materials $131,500 $118,350 Work in process Finished goods Inventories March 1 89,420 80,480 68,380 80,480 Direct labor Materials purchased during March Direct materials: $236,700 Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Costs Type Factory overhead: 252,480 25,250 15,250 5,260 4,210 3,680 6,840 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. Amount Amount Amount 1000000 llo 0
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: (b) (a) Your answer is correct. Manufacturing overhead eTextbook and Media Determine the total amount of manufacturing overhead. $15,500 12,650 3,800 48,900 80,800 137,600 Product costs Determine the total amount of product costs. Save for Later Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising 8,000 Office supplies used 170350 $69,100 46,400 2,500 1,300 2,000 15,000 2,640 Attempts: 1 of 5 used Attempts: 0 of 5 used Submit Answer
Carmen Company reports the following costs and expenses in March.Factory utilities $ 18,600Direct labor 98,100Depreciation on factory equipment 14,445Sales salaries 46,400 Property taxes on factory building 2,500Depreciation on delivery trucks 9,600Indirect factory labor 48,900Repairs to office equipment 2,300Indirect materials 80,800 Factory repairs 2,000Direct materials used 137,600Advertising 18,000Factory manager’s salary 13,000 Office supplies used 5,370Instructions: From the information, determine the total amount of:(a) Manufacturing overhead.(b) Product costs.(c) Period costs.
PSMO Company currently uses normal costing method in accumulating the cost of production. The following data were provided for the current year Raw Materials: Inventory, Jan. 1 Issuance to production Purchases on account Factory Labor: Total Factory payroll Factory overhead: Plant depreciation Utilities Repair and Maintenance Indirect Materials Indirect Labor Other overhead costs Work in process: Jan. 1 Dec. 31 How much is the cost of goods manufactured? P 6,940,000 P 3,370,000 P 7,010,000 P 186,000 P600,000 3,600,000 4,350,000 2,700,000 200,000 145,000 145,000 230,000 600,000 105,000 720,000 650,000
PSMO Company currently uses normal costing method in accumulating the cost of production. The following data were provided for the current year Raw Materials: Inventory, Jan. 1 Issuance to production Purchases on account Factory Labor: Total Factory payroll Factory overhead: Plant depreciation Utilities Repair and Maintenance Indirect Materials Indirect Labor Other overhead costs Work in process: Jan. 1 Dec. 31 P 6,940,000 P 3,370,000 P 7,010,000 P600,000 3,600,000 4,350,000 P 186,000 2,700,000 How much is the total manufacturing costs assuming factory overhead is applied at 70% of direct labor costs 200,000 145,000 145,000 230,000 600,000 105,000 720,000 650,000
Peacock Ltd.'s production cost for August are: Particulars Amount Direct Labor Indirect Labor Direct Materials Property Taxes on Production equipment Heat, Light and Power Insurance on Plant and Equipment 15,000 8,000 32,000 1,200 2,500 500 Calculate Peacock Ltd.'s factory overheads for August. a. Factory overheads for August are $21,500 b. Factory overheads for August are $12,200 c. Factory overheads for August are $27,200 d. Factory overheads for August are $30,000
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