Question
1. PT. Maju Casa Abadi in July is as follows: a. Purchases of raw materials on credit for $45,000; b. Proof of purchase of raw
1. PT. Maju Casa Abadi in July is as follows: a. Purchases of raw materials on credit for $45,000; b. Proof of purchase of raw materials of $18,000 for direct materials and $12,000 for indirect materials is kept in the warehouse; c. The $9,000 factory payroll expense consisted of $7,000 direct labor and $2,000 indirect labor; d. A depreciation of $1,200 on plant equipment is recorded; e. An order is completed with $1,850 direct labor and $1,450 raw materials f. Other overhead accrued $1,500 g. The order referred to in point e is sent to Dixon Assc. which was billed for $5,400 Required: Journalize the transaction
2. PT Yara Mutiara must submit a tender for 15,000 units of freshwater pearl necklaces. The company has two departments, namely assembly and decoration. It is estimated that in the assembly department the raw material costs incurred are $12,000 and direct labor costs are $15,600. Company overhead is charged at a rate of $100 per hour of direct labor in the assembly department and 35% of direct labor in the decoration department. It is estimated that 100 direct labor hours in the assembly department and direct labor costs in the decoration department are $10,000. The company wants to get a markup of 50% of the total cost of production.
Required: Calculate the following: 1. Estimation of main costs 2. Estimated manufacturing costs 3. Estimated conversion costs 4. Tender price
3. Place the types of costs below by group: Main Costs, Indirect raw materials, Indirect labor, other indirect costs, Marketing expenses, Administrative expenses :
Factory Location : Direct raw material Direct labor Factory equipment Lubricants Supervision Supervisor Inspection Officer Factory employee salary Research worker Factory Rental Factory fire and loss insurance Generator Depreciation Load Electricity Heating Employer income tax Employer's income tax Small tools Other factory overhead Marketing Office Location : Salesperson salary Sales force commission Employer income tax Employer's income tax Advertising Sample Head Office Location : Administrative and office salaries Employer income tax Employer's income tax Rent Depreciation expense Property tax
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started