Question
Help me solve these 4 problems!!! 1)Success company provided the following information: Unit direct materials cost$460 Unit direct labor cost$260 Unit variable manufacturing overhead$212 Unit
Help me solve these 4 problems!!!
1)Success company provided the following information:
Unit direct materials cost$460
Unit direct labor cost$260
Unit variable manufacturing overhead$212
Unit variable non-manufacturing$6
Total fixed manufacturing overhead$161000
Total fixed selling and administrative cost$120000
Units produced27500 units
Units sold16000 units
Answer the following:
- Unit inventoriable cost under variable costing will be ($):
Answer for part 1
-Unit inventoriable cost under absorption costing will be ($):
2)Alahly Manufacturing Company uses job costing. The following information for 2019 is available:
Budgeted Manufacturing overhead cost$3100000
Budgeted machine hours100000 hours
Actual manufacturing overhead cost for the year$3980000
Actual machine hours for the year150000 hours
During January 2019 jobX-112 was completed. The following actual information pertain to the job:
Direct materialscost$198000
Direct labor cost$84000
Actual machine hours3000 hours
Answer the following :
-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 $:
3)Given the following information for Cairo Manufacturing for the year ended 12/31/2019:
1/1/201912/31/2019Direct materials inventory$94000$60000Work-in-process inventory$520000$96000Finished goods inventory$122000$83000
Additional information:
Direct materials purchased$600000
Manufacturing overhead cost$240000
Direct manufacturing labor cost$730000
Selling and administrative expenses$440000
Sales$3350000
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 $:
4)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
$13000012000 hours
$200003000 hours
Required:
-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 $:
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