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How do you find the Total manufacturing costs Yum Yum Treats manufactures its own brand of pet chew bones. At the end of December 2024,
How do you find the Total manufacturing costs
Yum Yum Treats manufactures its own brand of pet chew bones. At the end of December 2024, the accounting records showed the following: (Click the icon to view account balances.) (Click the icon to view other information.) Read the quirements. Requirement 1. Prepare a schedule of cost of goods manufactured for Yum Yum Treats for the year ended December 31 , 2024. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Yum Yum Treats Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 13200 Beginning Direct Materials Direct Materials Used: Purchases of Direct Materials Direct Materials Used Manufacturing Overhead: Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Requirement 2. Prepare an income statement for Yum Yum Treats for the year ended December 31 , 2024. (For accounts with a $0 balance, make sure to enter "0" in the appropriate Yum Yum Treats Income Statement Year Ended December 31, 2024 Revenue: Cost of Goods Sold: Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Requirement 3. How does the format of the income statement for Yum Yum Treats differ from the income statement of a merchandiser? Data table Cost per unit = Other information: Direct materials purchases Plant janitorial services Sales salaries Delivery costs Net sales revenue Utilities for plant Rent on plant Customer service hotline costs 32,000 100 5,700 2,000 106,000 1 ,800 8,000 1,000 24,000 Data table Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Print Beginning 13,200 $ o Done Direct labor print Ending 6,000 1,100 5,900 Done Requirements 1. Prepare a schedule of cost of goods manufactured for Yum Yum Treats for the year ended December 31 , 2024. Prepare an income statement for Yum Yum Treats for the year ended 2. December 31 , 2024. 3. How does the format of the income statement for Yum Yum Treats differ from the income statement of a merchandiser? 4. Yum Yum Treats manufactured 17,400 units of its product in 2024. Compute the company's unit product cost for the year, rounded to the nearest cent. Print Done A manufacturer's cost of goods sold is based on its V In contrast, a merchandiser's cost of goods sold is based on its Requirement 4. Yum Yum Treats manufactured 17,400 units of its product in 2024. Compute the company's unit product cost for the year, rounded to the nearest cent.
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