Question
Complete the following questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements.
Complete the following questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements. (All amounts in SAR except units.)
Given the following information for Riyadh Corporation:Advertising costs18,000Administrative salaries39,000Delivery vehicle depreciation12,000Factory repair and maintenance55,000Indirect labor48,000Indirect materials23,000Manufacturing equipment depreciation18,000Office rent24,000President's salary150,000Sales revenue1,000,000Sales salary120,000Direct materials140,000Direct labor (10,000 hours)250,000Machine hours1,600Machine hours per unit4Direct labor hours per unit4Direct materials per unit?Units manufactured400Units sold375
- Identify (list) and total period costs?
- Calculate overhead per unit based on machine hours?
- Calculate total product costs for units manufactured?
- Calculate total cost of goods sold?
- Prepare income statement in good form assuming no beginning inventory?
- You must show all your work?
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