Please do not give solution in image format thanku In June, Bearcat City purchased materials costing $26,100 and incurred direct labor cost of$20,200. Manufacturing overhead totaled $35,500 for the month. Information on inventories wasas follows:MaterialsWork in processFinished goods$81,380$80,240$80,810June 1O $80,180$6,8208803,630June 30What was the cost of goods manufactured for June?$7,8101,4502,970

1-Jun30-JunMaterial$6,820$7,810Work in process8801450Finished goods36302970Material cost…

Answered: In June, Bearcat City purchased…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Percentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 112,000 0% 40% 40% 20%Service 2 (S2) 44,000 20 0 40 40Production 1 (P1) 345,000Production 2 (P2) 216,000Total $ 717,000Brief Exercises 7-15 and 7-16 require the following information:7-15 What percentage of S1’s costs is allocated to P1 and to P2 under the direct method?7-16 What percentage of S2’s costs is allocated to P1 and to P2 under the direct method?
2. The Ashton Furniture Company manufactures coffee tables and chest of drawers. Last year the company's cost of goods sold was $3,700,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52-week* business year were as follows. Raw Materials Oak Pine Brass fixtures Stains Joiners Work-in-Process Frames Drawers Panels Chests Tables Finished Goods Chests Coffee tables *1 week = 7 days Average Inventory 8000 4500 1200 3000 900 200 400 600 120 90 300 200 Unit Cost $6 4 8 2 1 $30 10 50 110 90 $500 350 Formula: Inventory turns = Cost of goods sold / Average aggregate value of inventory Days of supply = Average aggregate value of inventory / (Cost of goods sold / total days) Question: Determine the number of inventory turns and the days of supply for the furniture company.
3. Normal Loss - FIFO The Nasiraan Manufacturing operates two consecutive producing departments, A and B. Th following quantity data are on Dep't A's production in March: WIP, beg Placed in Process 5,000 units, 1/5 done 50,000 units WIP, end 3,000 units, 2/3 done TIC Transferred out 49,500 Compute for the equivalent units of production under each of the following independer assumptions using FIFO costing: [a] Loss occurs at the beginning of the process: [b] Loss occu during process; [c] Loss is occurs when goods are ½ done; [d] loss occurs at the end of proces 4. Abnormal Loss - Average The Loosan Manufacturing reported the quantity data from its operations for January: WIP, beg 7,500 units, 1/4 complete Placed in Process 75,000 units WIP, end 4,500 units, 2/5 complete Transferred out Compute for the equivalent units of production under each of the following independer assumptions using Average costing: [a] Loss occurs at the beginning of the process; [b] Lo occurs during process; [c]…
DDWJ 2733 MANUFACTURING PROCESSES TUTORIAL 5: 1. Explain the difference between punching and blanking. 2. What are the advantages of rubber forming? Which processes does it compete with? 3. Explain the difference between deep drawing and redrawing. 4. How is roll forming fundamentally different from rolling? 5. Is it possible to have ironing take place in an ordinary deep-drawing operation? What is the most important factor? 6. As you can see, some of the operations described in this chapter produce considerable scrap. Describe your thoughts regarding the reuse, recycling, or disposal of this scrap. Consider its size, its shape, and its contamination by metalworking fluids during processing.
php?attempt=104149&cmid%330865 aline Services v OS Ticket system My Dispense Academic Calendar N My courses 3) v Q b) Calculate the weighted moving average for periods 7 through 10 using weights of 0.6, 0.3, and 0.1. n Lo S : Cha Weighted moving Period Actual average 1 64 2 84 3 91 4 97 115 6. 135 7. 137 8. 144 6. 153 10 171 beriods 7 through 10. Use 5.
Cranston Company estimates the following overhead costs for the coming year: Equipment depreciation $160,000Equipment maintenance 60,000Supervisory salaries 40,000Factory rent 100,000Total $360,000 Cranston is also budgeting $600,000 in direct labor costs and 15,000 machine hours for the coming year.(a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (b) Calculate the predetermined overhead rate using machine hours as the allocation base.
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Identify how the 10OM decisions at Celebrity Cruises differfrom those decisions at a manufacturing firm.
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1. A company that produces golf carts has just received an order for 200 carts, which must be ready for delivery at the start of week 8. Information concerning the product structure, lead times and quantities on hand is shown in the following table. Parts list for golf cart Lead time Quantity on hand Golf cart Top Base 1 1 1 0 40 20 Top Supports(4) Cover 1 1 200 0 Base Motor Body Seats (2) 2 3 2 300 50 120 Body Frame Controls Wheel assemblies(4) 1 1 1 35 0 240 You are required to: a) Construct a product tree.

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