Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory.

Raw material costs for an audio system will total $77per unit. Workers on the production lines are on average paid $14per hour. An audio system usually takes7hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $6,000per month. Indirect materials cost $5per system. A supervisor was hired to oversee production; her monthly salary is $4,000.

Factory janitorial costs are $1,900monthly. Advertising costs for the audio system will be $8,800per month. The factory building depreciation expense is $7,200per year. Property taxes on the factory building will be $8,400per year.

AaBbCcDd AaBbCcDd AaBbCc AaBbCct Aa B ABB 1 Normal 1 No Spac.. Heading 1 Heading 2 Title Sul Paragraph Styles *Exercise 1-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) $213,960 Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 165,180 Total raw materials available for use Less: Raw materials inventory (12/31) 22,660 Direct materials used $186,990 Direct labor Manufacturing overhead Indirect labor 24,790 Factory depreciation 39,270 Factory utilities 27,660 Total overhead 141.720 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 84,530 Cost of goods manufactured $544,530 Question Attempts: 0 of 3 used1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles Exercise 1-10 Manufacturing cost data for Copa Company are presented below. Indicate the missing amount for each letter (a) through (1)- Case A Case B Case C Direct materials used (a) $69,890 $135,700 Direct labor 60,710 88,800 (g) Manufacturing overhead 47.440 84,070 103,200 Total manufacturing costs 201,000 (d) 254,300 Work in process 1/1/20 (b) 20, 100 (h) Total cost of work in process 222,810 (e) 340,300 Work in process 12/31/20 (c) 13,830 75,580 Cost of goods manufactured 187,300 (F) (1) Problem 1-2A (Video) Bull Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $77 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 7 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $6,000 per month, IndirectReview View Help Search AaBbCcDd AaBbCcDd AaBbCc AaBbCct Aa B Aa 1 Normal 1 No Spac.. Heading 1 Heading 2 Title Paragraph Styles Assuming that Bell manufactures, on average, 1,000 audio systems per month, enter each cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns. Product Costs Direct Direct Manufacturing Period Cost Item Materials Labor Overhead Costs Raw materials Wages for workers Rent on equipment Indirect materials Factory supervisor's salary Janitorial costs Advertising Depreciation on factory building Property taxes on factory building Compute the cost to produce one audio system. (Round answer to 2 decimal places, e-g. 15.25.) Production cost per system Question Attempts: D of 3 usedHW 107 - Saved to this PC Mailings Review View Help Search AnBbCeDd AaBbCcDd AaBbCo AaBbect Aab AnBbCCD A 1 Normal 1 No Space., Heading 1 Heading 2 Title Subtitle Paragraph Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $77 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 7 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $6,000 per month, Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is $4,000. Factory janitorial costs are $1,900 monthly. Advertising costs for the audio system will be $8,800 per month. The factory building depreciation expense is $7,200 per year. Property taxes on the factory building will be $8,400 per year. PHILIPS