Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blips & Chitz Arcade manufactured 16,000 units of game simulators during the month of April. They incurred direct materials costs of $188,000 and overhead cost

image text in transcribed
image text in transcribed
image text in transcribed
Blips & Chitz Arcade manufactured 16,000 units of game simulators during the month of April. They incurred direct materials costs of $188,000 and overhead cost of $39,000. If their per-unit prime cost was $28.00 per unit, how much direct labor cost did they incur during April? $409,000 $448,000 $260,000 $227,000 Question 7 1 pts Lil' Bits restaurant had cost of goods sold of $191,600 for the year ended December 31, 2019. The finished goods inventory on January 1, 20f9 was $53,200 and the finished goods inventory on December 31, 2019 was $78,500. What was the amount of cost of goods manufactured for the year? $191,600 $216,900 $244,800 $270,100 Simple Rick's Inc. produces wafer cookies and has provided information for August 2019: Sales $500,000 Selling and administrative expenses 56,000 Direct materials used 81,000 Direct labor 225,000 Overhead 156,000 Inventories Aug.1.2019 Aug 31, 2012 Direct materials $18,000 $28,000 Work in process 22,000 30,000 Finished goods 44,000 25,000 The prime costs are: $306.200 Work in process 22,000 30.000 Finished goods 44,000 25,000 The prime costs are: $306,200 O $316,000 $381,000 O $237,000 D Question 9 1 pts Period costs are Prime costs, direct labor, and selling costs. All costs that aren't product costs. Conversion costs. Direct materials, direct labor, and overhead

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Theory Contemporary Accounting Issues

Authors: Thomas G. Evans

1st Edition

0324107846, 9780324107845

More Books

Students also viewed these Accounting questions

Question

What are the attributes of a technical decision?

Answered: 1 week ago