Question
Can I ask for the solutions for this problem? This is from my subject in Cost Accounting and Control. The following are the direct materials
Can I ask for the solutions for this problem? This is from my subject in Cost Accounting and Control.
The following are the direct materials purchases, direct labor cost, and factory overhead budgets for Cassie Corp. for the month of August 2020:
Direct Materials Purchases Budget
Material A Material B
Units required for production 20,000 14,000
Plus desired ending inventory 8,000 2,500
Total 28,000 16,500
Less estimated beginning inventory 7,400 3,000
Units to be purchased 20,600 13,500
Unit price x P0.50 x P1.20
Total direct materials purchases P10,300 P16,200
Direct Labor Cost Budget Factory Overhead Cost Budget
Hours required for production 5,000 Supervisor salaries P18,000
Hourly rate x P10 Utilities 3,500
Total direct labor cost P50,000 Depreciation 7,400
Indirect materials 2,100
Total factory overhead cost P31,000
Marga Corp. also estimates the following beginning and ending inventory amounts:
Beginning Inventory Ending Inventory
Work in Process P35,000 P30,000
Finished Goods 87,000 90,000
Requirements:
- Total estimated costs of Materials inventory beginning is________________________________
- Total budgeted cost of Direct Material Purchases is______________________________________
- Total cost of materials available for use as budgeted is___________________________________
- Total cost of materials inventory end as budgeted is______________________________________
- Total manufacturing costs as budgeted is_________________________________________________
- If the Work in Process inventory decreases by P5,000, it shall be added to total factory costs to have Cost of Goods Manufactured amounting to___________________________________
- Total Goods Available for Sale is greater than Budgeted Cost of Goods Sold by___________________________________
- Budgeted Cost of Goods Placed into Process is__________________________________________
- Budgeted Cost of Goods Sold is___________________________________________________________
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