Question
he following information was obtained from MCB Manufacturing, Inc.: Advertising Costs $9,900 Indirect Labor 53,000 CEO's Salary 620,000 Direct Labor 40,000 Indirect Materials Used 7,500
he following information was obtained from MCB Manufacturing, Inc.: Advertising Costs $9,900 Indirect Labor 53,000 CEO's Salary 620,000 Direct Labor 40,000 Indirect Materials Used 7,500 Direct Materials Used 65,000 Factory Utilities 760 Factory Janitorial Costs 1,200 Manufacturing Equipment Depreciation 3,100 Delivery Vehicle Depreciation 1,000 Administrative Wages and Salaries 24,000 Calculate MCB Manufacturing's total product costs. A. $654,900 B. $170,560 C. $165,500 D. $105,000
Ellie's Candies, Inc. produces gummy bears. The company purchases raw materials, stores them in a warehouse, and then runs them through two processes: production and packaging. During September, the production process incurred the following costs in processing 20,000 gummy bears: Wages of workers operating production equipment $50,500 Manufacturing overhead allocated to the production department 8,000 Direct materials 210,000 Use the FIFO method to compute the September conversion costs in the Production Department. The records at Smith and Jones, Inc. show that Job 110 is charged with $10,000 of direct materials and $13,000 of direct labor. Smith and Jones, Inc. allocate manufacturing overhead at 80% of direct labor cost. What is the total cost of Job No. 110? A. $13,000 B. $33,400 C. $31,000 D. $23,000
Organic Sugar, Inc. in Ohio has six processing departments for refining sugarlong dash Affination, Carbonatation, Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly throughout each process. Data from the month of August for the Decolorization Department are as follows: Metric Tons Beginning Work-in-Process Inventory 0 Transferred in production 12,200 Completed and transferred out to Boiling in August 7,200 Ending Work-in-Process Inventory 5,000 Costs Beginning Work-in-Process Inventory $0 Costs added during August Direct materials 2,100,000 Direct labor 1,030,000 Manufacturing overhead 600,000 Total costs added during August $3,730,000 The ending Work-in-Process Inventory is 100% and 70% complete with respect to direct materials and conversion costs, respectively. Compute the equivalent units of production (EUP) for direct materials and for conversion costs for the month of August. A. 12,200 EUP for direct materials and 10,700 EUP for conversion costs B. 3,500 EUP for direct materials and 10,700 EUP for conversion costs C. 12,200 EUP for direct materials and 3,500 EUP for conversion costs D. 10,700 EUP for direct materials and 3,500 EUP for conversion costs
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