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3. How much is the total factory overhead costs ( indirect material + Indirect labor + indirect other expenses) ? 5. How much is the
3. How much is the total factory overhead costs ( indirect material + Indirect labor + indirect other expenses) ?
5. How much is the total conversion costs?
7. How much is the cost of goods manufactured?
9. How much is the cost of goods sold?
10. How much is the gross profit or gross margin?
11. How much is the total selling or marketing expenses?
12. How much is the total amount of administrative expenses?
13. How much is total operating expenses?
14. How much is the income from operation?
The following information is obtained from the records of ABC company which manufactures tables that consist of wood and metal parts: Relevant range 5,000 Units Actual production 5,000 Units Actual sales 5,000 Units $40/ Unit Materials Used: Wood Metal Paint $15,000 $10,000 $ 5,000 $ 50 $ 150 $ 500 Glue Screws Wrapping paper used by selling department Stationary: Factory Selling department $ $ $ 100 50 500 |Administrative departments $ 31,350 Labor cost: Wood and metal cutters $10,000 Tables assemblers $ 7,500 Sanders $ 5,000 Cotonounoninoro 7 on Factory supervisor Sales Commission $20,000 Salaries of administrative officers $15,000 $ 64,500 Other expenses: Depreciation (SLM): Factory Machines and equipment Sales equipment $ 5,000 $ 2,000 Administrative equipment $ 1,000 Rent: Factory $ 2,000 Marketing department $ 1,000 Administrative offices $ 2,000 Utilities: $ 1,000 Factory Marketing department $ 500 $ 1,500 Administrative departments $ 16,000 Total Additional information: There is no beginning or ending inventory of work in process (WIP)
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