Question
5 Brandt Company manufactures wood file cabinets. The following information is available for June 2001: Raw Material Inventory Beginning $6,000 Ending $7,500 Work in Process
5 Brandt Company manufactures wood file cabinets. The following information is available for June 2001: Raw Material Inventory Beginning $6,000 Ending $7,500 Work in Process Inventory 17,300 Finished Goods Inventory 21,000 11,700 16,300 Required: 1. Refer to Brandt Company. Direct labor is $9.60 per hour and overhead for the month was $9,600. Compute total manufacturing costs for June, if there were 1,500 direct labor hours and $21,000 of raw material was purchased. 2. Refer to Brandt Company. Direct labor is paid $9.60 per hour and overhead for the month was $9,600. What are prime costs and conversion costs, respectively if there were 1,500 direct labor hours and $21,000 of raw material was purchased? 3. Refer to Brandt Company. Direct labor is paid $9.60 per hour and overhead for the month was $9,600. If there were 1,500 direct labor hours and $21,000 of raw material purchased, Cost of Goods Manufactured is: 4. Refer to Brandt Company. Direct labor is paid $9.60 per hour and overhead for the month was $9,600. If there were 1,500 direct labor hours and $21,000 of raw material purchased, how much is Cost of Goods Sold? Problem 6 Donna Company submits the following data for May 2013 Direct labor cost P80,000 Purchases P100,000 Factory overhead Applied at 150% of direct labor cost Inventories May 1 May 31 Finished goods P45,000 P24,000 Work in Process P25, 800 P18,000 Materials P22,000 P25,000 Actual factory overhead amounts to P80,000. Required: 1. How much is the Company's Cost of goods sold adjusted? 2. How much is the amount transferred out from Work in process and transferred in to Finished Goods? 3. How much is the amount transferred out from Finished Goods? 4. How much is the adjustment posted on the Cost of Goods sold Account? (indicate if debit or credit) 5. If there are 1,000 units sold, how much is the cost per unit of product
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