Ariel Question 1: X 18:12 L17 A B C D E F G Total Hours of Maintenance 2 Month Maintenance Cost 3 January 625 $ 7,950 4 February 500 7.400 5 March 700 8.275 6 April 550 7,625 7 775 8 June 800 9,800 - Calculate the Fixed Cost (a) and Find the cost Equation Using the (1) HIGH LOW method & (2) Least Square Method malon May 9,100 Question 2: Beginning raw materials inventory was $32,000. During the month. $276,000 of raw material was purchased. A count at the end of the month revealed that $28,000 of raw material was still present - Calculate the Raw material used. Question 3: Direct materials used in production totaled S280,000. Direct labor was $375,000 and factory overhead was S180,000. - Calculate the Total Manufacturing Cost Question 4: Using the previous Questions Beginning work in process was $125,000. Manufacturing costs incurred for the month were $835,000. There were $200,000 of partially finished goods remaining in work in process inventory at the end of the month - Calculate Cost of good manufactured Question 5: Beginning finished goods inventory was $130,000. The cost of goods manufactured for the month was $760,000. And the ending finished goods inventory was $150,000 - Calculate Cost of Goods Sold Question 3: Direct materials used in production totaled $280,000. Direct labor was $375,000 and factory overhead was $180,000. - Calculate the Total Manufacturing Cost Question 4: Using the previous Questions Beginning work in process was $125,000. Manufacturing costs incurred for the month were $835,000. There were $200,000 of partially finished goods remaining in work in process inventory at the end of the month - Calculate Cost of good manufactured Question 5: Beginning finished goods inventory was $130,000. The cost of goods manufactured for the month was $760,000. And the ending finished goods inventory was $150,000 - Calculate Cost of Goods Sold Rules 1) Work Manufacturing Costs Direct materials - Direct labor + Mig, overhead - Total manufacturing costs Raw Materials Beginning raw materials inventory + Raw materials purchased - Raw materials available for use in production - Ending raw materials Inventory - Raw materials used in production In Process Beginning work in process inventory Total manufacturing Total work in process for the period - Ending work in process inventory - Cost of goods manufactured 2) Work In Process Beginning work in process inventory - Manufacturing costs for the period Total work in process for the period Ending work in process inventory Cost of goods manufactured Finished Goods Beginning finished goods inventory Cost of goods manufactured - Cost of goods available for sale Ending finished goods inventory Cost of goods sold