Caroline Company reports the following costs and expenses in May. Factory utilities $11,500 Depreciation on factory equipment $12,650 Depreciation on delivery truck $3,800 Indirect factory labor $48,900 Indirect materials $80,800 Direct materials used $137,600 Factory manager's salary $8,000 Direct labor $69,100 Sales salaries $46,400 Property taxes on factory building $2,500 Repairs to office equipment $1,300 Factory repairs $2,000 Advertising $18,000 Office supplies used $2,640 From the information above, determine the total amount of product costs.

Caroline Company reports the following costs and expenses in May. Factory utilities $11,500 Depreciation on factory equipment $12,650 Depreciation on delivery truck $3,800 Indirect factory labor $48,900 Indirect materials $80,800 Direct materials used $137,600 Factory manager's salary $8,000 Direct labor $69,100 Sales salaries $46,400 Property taxes on factory building $2,500 Repairs to office equipment $1,300 Factory repairs $2,000 Advertising $18,000 Office supplies used $2,640 From the information above, determine the total amount of product costs.

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 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
Knight Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $72,000 Depreciation on factory equipment 13,950 Sales salaries 47,500 Property taxes on factory building Depreciation on delivery trucks 4,700 2,600 Indirect factory labor 49,900 Repairs to office equipment 1,900 Indirect materials 82,600 Factory repairs 2,350 Direct materials used 141,700 Advertising 15,500 Factory manager's salary 8,300 Office supplies used 2,790
Sage Hill Company reports the following costs and expenses in May. Factory utilities $13,600 Direct labor $60,880 Depreciation on factory equipment 11,120 Sales salaries 40,720 Depreciation on delivery trucks 3,440 Property taxes on factory building 2,200 Indirect factory labor 43,120 Repairs to office equipment 1,160 Indirect materials 71,040 Factory repairs 1,760 Direct materials used 121,280 Advertising 13,200 Factory manager’s salary 7,200 Office supplies used 2,310 From the information: a. Determine the total amount of manufacturing overhead. Manufacturing overhead $ b. Determine the total amount of product costs. Product costs $ c. Determine the total amount of period costs. Period costs $
Flounder Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,700 Depreciation on factory equipment 14,250 Sales salaries 50,000 Depreciation on delivery trucks 4,900 Property taxes on factory building 2,600 Indirect factory labor 53,500 Repairs to office equipment 1,800 Indirect materials 85,000 Factory repairs 2,970 Direct materials used 141,700 Advertising 15,600 Factory manager's salary 8,100 Office supplies used 3,420 From the information: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead $
Windsor Company reports the following costs and expenses in May. Factory utilities $18,700 Direct labor $84,680 Depreciation on factory equipment 15,370 Sales salaries 56,020 Depreciation on delivery trucks 5,140 Property taxes on factory building 3,050 Indirect factory labor 60,120 Repairs to office equipment 1,670 Indirect materials 98,240 Factory repairs 2,440 Direct materials used 168,880 Advertising 18,300 Factory manager’s salary 10,600 Office supplies used 3,160 1) Determine the total amount of manufacturing overhead. Manufacturing overhead $ 2) Determine the total product cost. Product cost $ 3) Determine the total period cost. Period cast $
Knight Company reports the following costs and expenses in May. Factory utilities $ 10,500 Direct labor $69,000 Depreciation on factory equipment 12,650 sales salaries 47,000 Depreciation on delivery trucks 4,000 Property taxes on factory building 2,000 Indirect factory labor 48,900 Repairs to office equipment 1,500 Indirect materials 80, 800 Factory repairs 2,000 Direct materials used 137,000 Advertising 15,000 Factory manager's salary 8,000 Office supplies used 2,600 Instruction: From the information, determine the total amount of: Manufacturing overhead. Product costs. Period costs.
Knight Company reports the following costs and expenses in May. Factory utilities $17,256 Depreciation on factory equipment $12,908 Depreciation on delivery trucks $4,025 Indirect factory labor $53,079 Indirect materials $84,719 Direct materials used $142,670 Factory manager's salary $8,399 Direct labor $72,344 Sales salaries $49,163 Property taxes on factory building $3,381 Repairs to office equipment $1,614 Factory repairs $2,617 Advertising $15,734 Office supplies used $3,274 From the information, determine the total amount of product costs.
Sheffield Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300 Depreciation on factory equipment 13,350 Sales salaries 46,700 Depreciation on delivery trucks 4,600 Property taxes on factory building 3,300 Indirect factory labor 53,400 Repairs to office equipment 2,000 Indirect materials 83,100 Factory repairs 2,590 Direct materials used 142,700 Advertising 16,900 Factory manager’s salary 8,300 Office supplies used 3,150 From the information: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead $
Skysong Company reports the following costs and expenses in May. Factory utilities $14,200 Direct labor $63,680 Depreciation on factory equipment 11,620 Sales salaries 42,520 Depreciation on delivery trucks 3,640 Property taxes on factory building 2,300 Indirect factory labor 45,120 Repairs to office equipment 1,220 Indirect materials 74,240 Factory repairs 1,840 Direct materials used 126,880 Advertising 13,800 Factory manager’s salary 7,600 Office supplies used 2,410 Determine the total amount of manufacturing overhead. Manufacturing overhead $enter the manufacturing overhead in dollars Determine the total amount of product costs. Product costs $enter the product costs in dollars
Skysong Company reports the following costs and expenses in May. Factory utilities $14,200 Direct labor $63,680 Depreciation on factory equipment 11,620 Sales salaries 42,520 Depreciation on delivery trucks 3,640 Property taxes on factory building 2,300 Indirect factory labor 45,120 Repairs to office equipment 1,220 Indirect materials 74,240 Factory repairs 1,840 Direct materials used 126,880 Advertising 13,800 Factory manager’s salary 7,600 Office supplies used 2,410 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $enter the manufacturing overhead in dollars Determine the total amount of product costs. Product costs $enter the product costs in dollars
Larkspur Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,080 Depreciation on factory equipment 13,120 Sales salaries 47,920 Depreciation on delivery trucks 4,240 Property taxes on factory building 2,600 Indirect factory labor 51,120 Repairs to office equipment 1,400 Indirect materials 83,840 Factory repairs 2,080 Direct materials used 143,680 Advertising 15,600 Factory manager’s salary 8,800 Office supplies used 2,710 From the information: