Question
Craigmont Company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead costs total $5,000,000. Its prime costs total: ______________________________________________
- Craigmont Company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead costs total $5,000,000. Its prime costs total:
______________________________________________
- Craigmont Company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead costs total $5,000,000. Its conversion costs total:
_______________________________________________________
- Comet Company accumulated the following account information for the year:
Beginning raw materials inventory $6,000
Indirect materials cost 2,000
Indirect labor cost 5,000
Maintenance of factory equipment 2,800
Direct labor cost 7,000
Using the above information, total factory overhead costs would be:
- $9,800.
- $16,800.
- $15,800.
- $13,000.
- $7,800.
- The following information is available for the year ended December 31:
Beginning raw materials inventory $21,500
Raw materials purchases 74,000
Ending raw materials inventory 23,000
Office supplies expense 2,400
The amount of raw materials used in production for the year is:
- $76,400.
- $95,500.
- $72,500.
- $74,900.
- $70,100.
- If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170,000, what is the total manufacturing cost for the period?
- $180,000.
- $155,000.
- $160,000.
- $175,000.
- $165,000.
- Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:
Direct materials used $19,000
Direct labor used 24,500
Factory overhead 55,100
Beginning work in process 10,700
Ending work in process 11,300
- $98,600.
- $43,500.
- $98,000.
- $42,900.
- $79,000.
- Using the information below for Sundar Company; determine the cost of goods manufactured during the current year:
Direct materials used $19,000
Direct labor used 24,500
Factory overhead 55,100
Beginning work in process 10,700
Ending work in process 11,300
- $98,600.
- $43,500.
- $98,000.
- $42,900.
- $79,000.
- Using the information below, calculate gross profit for the period.
Beginning Raw Materials Inventory $25,000
Ending Direct Materials Inventory $30,000
Beginning Work in Process Inventory $55,000
Ending Work in Process Inventory $64,000
Beginning Finished Goods Inventory $80,000
Ending Finished Goods Inventory $67,000
Cost of Goods Sold for the period $540,000
Sales revenues for the period $1,254,000
Operating expenses for the period $232,000
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