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1.In May direct labor was 55% of conversion cost. If the manufacturing overhead for the month was $82,800 and the direct materials cost was $21,700, the direct labor cost was:
- $67,745
- $101,200
- $17,755
- $26,522
2.The following costs were incurred in May:
Required A Required B Prepare a contribution format income statement for July. Fanelli Corporation For the month of July Contribution Format Income Statement Variable expenses: Fixed expenses:Kesterson Corporation has provided the following Information: cost Cost per per Period Unit Direct materials $7.20 Direct labor $4.30 Variable manufacturing overhead $1.60 Fixed manufacturing overhead $21, 080 sales commissions $2.26 Variable administrative expense $0.50 Fixed selling and administrative expense $ 6,080 The Incremental manufacturing cost that the company will Incur if It Increases production from 7.500 to 7.501 units Is closest to: Multiple Choice O $13.10 O $15.90 O $19.40 $16.40\fVignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year. Cost of clay used in production $67,082 Wages paid to the workers who paint the figurines $82,080 Wages paid to the sales manager's secretary $34,080 Cost of junk mail advertising $51, 080 What Is the total of the direct costs above? Multiple Choice O $67000 O $116,000 O $149.000 O $200.000Manon Corporation has two production departments. Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate In each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting Customizing Machine-hours 20,606 16, 606 Direct labor-hours 7,108 8,380 Total fixed manufacturing overhead cost $140, 080 $83, 800 Variable manufacturing overhead per machine-hour $ 2.40 Variable manufacturing overhead per direct labor-hour $ 4.80 During the current month the company started and finished Job T138. The following data were recorded for this job: Job T138: Casting Customizing Machine-hours 30 Direct labor-hours 9 60 The amount of overhead applied In the Customizing Department to Job T130 is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice O $580.00 O $122 340.00 O $889.00 O $294.00\fLearned Corporation has provided the following information: Cost per Cost per Unit Period Direct materials $ 6.10 Direct labor $ 4.15 Variable manufacturing overhead $ 1.75 Fixed manufacturing overhead $ 27, 680 Sales commissions $ e.58 Variable administrative expense 1 9.48 Fixed selling and administrative expense $ 7,890 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 6.000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,000 units? c. If the selling price is $23.60 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) d. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. If 7,000 units are produced, what is the total amount of indirect manufacturing costs incurred? a. Total product (manufacturing) cost D. Total period (nonmanufacturing) cost C. Contribution margin per unit d. Total direct manufacturing cost 2. Total indirect manufacturing costThe following partially completed T-accounts summarize transactions for Feaberg Corporation during the year: Raw Materials Work in Process Beg Bal 4, 650 8, 380 Beg Bal 3,750 21, 850 4, 850 5,858 8, 158 7,958 Finished Goods Manufacturing Overhead Beg Bal 1, 850 20,050 2,450 7,958 21, 850 3, 159 2,850 Wages & Salaries Payable cost of Goods Sold 20, 050 Beg Bal 2, 150 Beg Bal 29, 050 11,389 The manufacturing overhead applied was: Multiple Choice $2 850 O $3.150 O $7.950 O $14 000
