LO.2 (Cost per WA EUP) In October 2010, Rojo Inc.'s production was 53,600 equiva- lent units for direct material, 48,800 equivalent units for direct labor, and 42,000 equiv- alent units for overhead. During October, direct material, conversion, and overhead costs incurred were as follows: Direct material Conversion Overhead $158,688 189,648 85,200 Beginning WIP Inventory costs for October were $26,232 for direct material, $39,024 for direct labor, and $20,640 for overhead. a. How much did Rojo Inc. spend on direct labor in October? b. What was the October weighted average cost per equivalent unit for direct material, direct labor, and overhead?

LO.2 (Cost per WA EUP) In October 2010, Rojo Inc.'s production was 53,600 equiva- lent units for direct material, 48,800 equivalent units for direct labor, and 42,000 equiv- alent units for overhead. During October, direct material, conversion, and overhead costs incurred were as follows: Direct material Conversion Overhead $158,688 189,648 85,200 Beginning WIP Inventory costs for October were $26,232 for direct material, $39,024 for direct labor, and $20,640 for overhead. a. How much did Rojo Inc. spend on direct labor in October? b. What was the October weighted average cost per equivalent unit for direct material, direct labor, and overhead?

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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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?
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.
Orinder Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 275,800, direct labor cost was 153,000, and overhead cost was 267,300. There were 25,000 units produced. Unit manufacturing cost (rounded to the nearest cent) is a. 28.40 b. 27.98 c. 34.95 d. 27.55
8. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL PERIOD COSTS?
6. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL MANUFACTURING (PRODUCT) COSTS?
Rojo Inc.’s production (during October 2010) was: • 53,600 equivalent units for direct material; • 48,800 equivalent units for direct labor; and • 42,000 equivalent units for overhead. In October, the direct material, conversion, and overhead costs incurred are: • Direct material $158,688 • Conversion 189,648 • Overhead 85,200 Beginning WIP Inventory costs for October were: • $26,232 for direct material, • $39,024 for direct labor, and • $20,640 for overhead. a. What was the October weighted average cost per equivalent unit for direct material, direct labor, and overhead? b. How much did Rojo Inc. spend on direct labor in October?
Cost per FIFO EUP In October, Pedraza Corp.'s production was 96,480 equivalent units for direct material, 87,840 equivalent units for direct labor, and 75,600 equivalent units for overhead. During October, direct material, conversion, and overhead costs incurred were as follows: Direct material $285,638 Conversion Overhead 303,437 153,360 Beginning WIP Inventory costs for October were $47,218 for direct material, $35,107 for direct labor, and $37,152 for overhead. The company had 12,960 EUP for direct material in October's beginning WIP Inventory, 14,400 EUP for direct labor, and 12,672 EUP for overhead. What was the October FIFO cost per EUP for direct material, direct labor, and overhead? Note: Round your answers to two decimal places. DM cost per EU S DL cost per EUS OH cost per EU S
Kimber Company has the following unit costs for the current year: Raw materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total unit cost $20.00 25.00 10.00 15.00 $70.00 Fixed manufacturing cost is based on an annual activity level of 8,000 units. Based on these data, the total manufacturing cost expected to be incurred to manufacture 9,000 units in the current year is: Oa. $560,000. Ob. $615,000. Oc. $630,000. Od. $575,000.
Materials used, P326,000. Total manufacturing costs charged to production during the year (including direct materials, direct labor, and factory overhead applied at the rate of 60% of direct labor cost), P686,000. Cost of goods available for sale, P826,000. Selling and general expenses, P25,000. 1.What is the amount of direct materials purchased during the year? 2.What is the total conversion cost? 3.What is the direct labor costs charged to production during the year? 4.How much is the total prime cost? 5.The following selected information pertains to Top Gun Manufacturing Inc.: Direct materials of P625,000, indirect materials of P125,000, direct labor of P750,000, indirect labor of P112,500, and factory overhead (not including indirect materials and indirect labor) of P375,000. How much is the conversion cost.
1)Learned Corporation has provided the following information:Cost perUnitCost per PeriodDirect materials $ 5.00Direct labor $ 4.25Variable manufacturing overhead $ 1.85Fixed manufacturing overhead $ 35,000Sales commissions $ 0.70Variable administrative expense $ 0.60Fixed selling and administrative expense $ 9100Required:a. For financial reporting purposes, what is the total amount of product costsincurred to make 7000 units?b. For financial reporting purposes, what is the total amount of period costsincurred to sell 7000 units?c. If the selling price is $23.80 per unit, what is the contribution margin per unitsold? (Round your answer to 2 decimal places.)d. If 8000 units are produced, what is the total amount of direct manufacturingcost incurred?e. If 8000 units are produced, what is the total amount of indirect manufacturingcosts incurred?a. Total product (manufacturing) costb. Total period (manufacturing) costc. Contribution margin per unitd. Total direct manufacturing coste. Total…
Selected cost data concerning the past fiscal year’s operation of Malta Manufacturing Co. arepresented below:MaterialsWork in process Finished goodsInventories Beginning EndingP75,000 P85,000 80,000 30,000 90,000 110,000Materials used, P326,000. Total manufacturing costs charged to production during the period (including direct material, direct labor and factory overhead at a rate of 60% of direct labor cost), P686,000. Cost of goods available for sale , P826,000. Selling and general expenses, P25,000. Required:7. What is the amount of direct materials purchased during the period?8. What is the direct labor cost charged to production during the period?9. What is the cost of goods manufactured during the year?10. What is the cost of goods sold during the period?
The company's direct labor costs were $1,353,600 and its total a st of goods manu- percentage of direct labor costs. The ending inventories include the following'costs: Problem 2-5 Detomining Cosł ol Goods Sold factured was $4,820,000 for the year. Manufacturing overhead costs are a constant · materials ($192,200), work in process ($128,000), and finished goods ($236,000). pany's 1990 manufacturing performance. The beginning inventories included raw The treasurer of Halc Company has accumulated cost data concerning the com $1,353,600 and its total a st of goods manu- The company's direct labor costs were Raw Work in Process Finished Materials Goods $176,000 $44,000 44,800 $ 60,000 52,800 79,200 $192,000 Raw materials Direct labor. Manufacturing overhead Tatal ending inventory. $176,000 Required: Prepare a schedule showing the cost of goods sold for 1990.