Question
18. The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020: Advertising costs $4,500 Direct materials used $41,850 Direct labor
18.
The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020:
| Advertising costs | $4,500 |
| Direct materials used | $41,850 |
| Direct labor used | $19,155 |
| Delivery costs | $1,450 |
| Depreciationfactory equipment | $5,600 |
| Depreciationoffice equipment | $2,950 |
| Factory managers salary | $4,650 |
| Indirect materials used | $7,910 |
| Main office salaries | $13,600 |
| Raw Material Purchases | $45,920 |
| Sales commissions | $3,750 |
| Utilities - Factory | $3,025 |
| Utilities Main Office | $1,125 |
Total manufacturing costs for the firm for October, 2020 were:
14.
The following information is given from The Gathering Sound, Inc. for the month of August, 2020:
| Beginning raw materials inventory | $21,600 |
| Ending raw materials inventory | $18,600 |
| Beginning work in process inventory | $35,000 |
| Ending work in process inventory | $37,450 |
| Beginning finished goods inventory | $29,340 |
| Ending finished goods inventory | $28,995 |
| Raw material purchases | $88,210 |
| Direct materials used | $89,300 |
| Direct labor used | $51,730 |
| Total factory overhead applied | $62,076 |
Calculate the Cost of Goods Sold.
Total manufacturing costs for the firm for October, 2020 were:
18.
The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020:
| Advertising costs | $4,500 |
| Direct materials used | $41,850 |
| Direct labor used | $19,155 |
| Delivery costs | $1,450 |
| Depreciationfactory equipment | $5,600 |
| Depreciationoffice equipment | $2,950 |
| Factory managers salary | $4,650 |
| Indirect materials used | $7,910 |
| Main office salaries | $13,600 |
| Raw Material Purchases | $45,920 |
| Sales commissions | $3,750 |
| Utilities - Factory | $3,025 |
| Utilities Main Office | $1,125 |
Total manufacturing costs for the firm for October, 2020 were:
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
Organizational Network Analysis Auditing Intangible Resources
Authors: Anna Ujwary-Gil
1st Edition
1032085215, 978-1032085210
