Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages Machine operators $ 300,000 Selling and administrative personnel $
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Randall Company manufactures chocolate bars. The following were among Randall's
Wages | |
---|---|
Machine operators | $ 300,000 |
Selling and administrative personnel | $ 75,000 |
Materials used | |
Lubricant for oiling machinery | $ 25,000 |
Cocoa, sugar, and other raw materials | $ 250,000 |
Packaging materials | $ 190,000 |
Randall's direct materials amounted to:
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- 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?The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?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. 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, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
- Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages: Machine operators Selling and administrative personnel Materials used: Lubricant for oiling machinery Cocoa, sugar, and other raw materials Packaging materials Randall's direct labor costs amounted to: Multiple Choice O $230,000 $316,000 $161,000 $298.000 $ 230,000 $ 68,000 $ 18,000 $ 180,000 $ 120,000Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages: Machine operators $330,000 Selling and administrative personnel $ 78,000 Materials used: Lubricant for oiling machinery $ 28,000 Cocoa, sugar, and other raw materials $280,000 Packaging materials $220,000 Randall's direct materials amounted to: Multiple Choice $28,000 $511,000 $280,000 $308,000The Company manufactures furniture at its central Kentucky factory. Some of its costs from the past year include: Wages paid to maintenance workers $60,700 Fabric used to upholster furniture $80,500 Wages paid to assembly-line workers $100,200 Lumber used to build product $15,100 Sales commissions $7700 Insurance costs for factory $21,900 Freight-in (on raw materials) $3900 Utilities in factory $12,400 Factory supervisor salary $60,100 Depreciation on factory equipment $18,200 Utilities in sales office $26,400 Costs of delivery to customers $8500 Depreciation on sales office $1700 Lubricants used in factory equipment $500 Direct material costs for the Company totaled $15,100. $95,600. $99,500. $80,500.
- Cornelius Company produces women’s clothing. During the year, the company incurred the following costs: Factory rent $ 380,000 Direct labor 300,000 Utilities—factory 38,000 Purchases of direct materials 555,000 Indirect materials 66,000 Indirect labor 60,000 Inventories for the year were as follows: January 1 December 31 Materials $ 25,000 $ 40,000 Work-in-Process 45,000 40,000 Finished Goods 135,000 75,000 Required: 1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold.Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,900 Depreciation on factory equipment 16,000 50,400 Factory supervisor salary Sales commissions 23,900 3,300 Lubricants used in factory equipment Insurance costs for factory 21,600 115,700 10,700 Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product 3,300 9,400 115,400 82,700 54,800 26,100 Utilities in factory Utilities in sales office Conversion costs for Custom Creations Furniture Company totaled>Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9800 Depreciation on factory equipment 16,700 Factory supervisor salary 50,100 Sales commissions 23,700 Lubricants used in factory equipment 3600 Insurance costs for factory 21,400 Wages paid to maintenance workers 115,200 Fabric used to upholster furniture 10,400 Freight-in (on raw materials) 3200 Costs of delivery to customers 9300 Wages paid to assembly-line workers 115,700 Lumber used to build product 82,600 Utilities in factory 54,000 Utilities in sales office 26,300 Product costs for Country Furniture Company totaled Question 16 options: $448,300. $472,900. $489,200. $373,100.
- Comfy Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: $11,000 $16,000 Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product $52,500 $23,000 $3,000 $21,000 $115,000 A. $121,000. B. $43,000. OC. $46,500, OD. $69,500. $7,000 $2,500 $9,000 $132,500 $72,000 $44,000 $26,500 Utilities in factory Utilities in sales office Period costs for Comfy Furniture Company totaled: C***The Company manufactures furniture at its New York factory. Some of its costs from the past year include: Depreciation on sales office $ 9,700 Depreciation on factory equipment 16,600 Factory supervisor salary 50,200 Sales commissions 23,600 Lubricants used in factory equipment 3,000 Insurance costs for factory 21,400 Wages paid to maintenance workers 115,400 Fabric used to upholster furniture 10,800 Freight-in (on raw materials) 3,600 Costs of delivery to customers 9,000 Wages paid to assembly-line workers 115,600 Lumber used to build product 82,200 Utilities in factory 54,800 Utilities in sales office 26,100 Direct material costs for The Company totaledGuaranteed Appliance Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $555,000; assembly-line workers, $187,000; security guards, $55,000; and plant supervisor, $137,000. What is the total of Guaranteed’s direct labor cost?