Question
help me answer these 4 questions!!! 1)Success company provided the following information: Unit direct materials cost$990 Unit direct labor cost$110 Unit variable manufacturing overhead$210 Unit
help me answer these 4 questions!!!
1)Success company provided the following information:
Unit direct materials cost$990
Unit direct labor cost$110
Unit variable manufacturing overhead$210
Unit variable non-manufacturing$6
Total fixed manufacturing overhead$163000
Total fixed selling and administrative cost$120000
Units produced36500 units
Units sold16000 units
Answer the following :
Unit inventoriable cost under variable costing will be ($):
Unit inventoriable cost under absorption costing will be ($):
2)As a member of the accounting staff, you have been provided with the following information about machine hours and maintenance cost for the most recent two months:
Maintenance costMachine hours
$18000010000 hours
$300004000 hours
Answer the following :
-The variable maintenance cost per machine hour is $:
-The fixed cost component of maintenance cost is $:
-If the estimated maintenance hours 13,500 hours, the estimated maintenance cost will be $:
3)Alahly Manufacturing Company uses job costing. The following information for 2019 is available:
Budgeted Manufacturing overhead cost$1000000
Budgeted machine hours200000 hours
Actual manufacturing overhead cost for the year$2580000
Actual machine hours for the year390000 hours
During January 2019 jobX-112 was completed. The following actual information pertain to the job:
Direct materialscost$132000
Direct labor cost$78000
Actual machine hours1000 hours
-As for last question, Over-allocated should yield a negative answer and Under-allocated should yield a positive answer.
Required:
- If the company uses normal job costing, cost of job X-112 would be $:
- If the company uses actual job costing system, cost of job X-112 would be $:
-The over-allocated or under-allocated manufacturing overhead for the year would be $:
4)Given the following information for Cairo Manufacturing for the year ended 12/31/2019:
1/1/2019 12/31/2019
Direct materials inventory $50000 $35000
Work-in-process inventory $150000 $366000
Finished goods inventory $112000 $104000
Additional information:
Direct materials purchased$300000
Manufacturing overhead cost$520000
Direct manufacturing labor cost$120000
Selling and administrative expenses$490000
Sales$2750000
Required:
- Conversion cost is $:
- Cost of direct materials used in production is $
- Prime cost is $:
- Total manufacturing cost incurred during the year is $:
- Cost of goods manufactured is $:
- Cost of goods sold is $:
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