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Carlton Manufacturing Company provided the following details about operations in February: The company also provided details regarding the balances in the inventory accounts at the
Carlton Manufacturing Company provided the following details about operations in February: The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows Raw materials used in production cost $181,280, total overhead costs for the month were $210,560, the goods available for sale totalled $412,000, and the cost of goods sold totalled $356,500. Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the month of February. 1-b. Prepare a schedule cost of goods sold section of the company's income statement for the month of February. 2. Assume that the dollar amounts given above are for the equivalent of 17,600 units produced during the month. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) 3. Assume that in the following month the company expects to produce 22,600 units. What average cost per unit and total cost would you expect to be incurred for direct materials, and for rent on the factory building? Direct materials are a variable cost and rent is a fixed cost. (Round "Unit cost" answers to 2 decimal places.) Carlton Manufacturing Company provided the following details about operations in February: The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows Raw materials used in production cost $181,280, total overhead costs for the month were $210,560, the goods available for sale totalled $412,000, and the cost of goods sold totalled $356,500. Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the month of February. 1-b. Prepare a schedule cost of goods sold section of the company's income statement for the month of February. 2. Assume that the dollar amounts given above are for the equivalent of 17,600 units produced during the month. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) 3. Assume that in the following month the company expects to produce 22,600 units. What average cost per unit and total cost would you expect to be incurred for direct materials, and for rent on the factory building? Direct materials are a variable cost and rent is a fixed cost. (Round "Unit cost" answers to 2 decimal places.)
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