Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how i solve it? facing costs ferent categories and at the unit con t h e appropriate mounts in each of the columns (b) Compute

image text in transcribed

how i solve it?

facing costs ferent categories and at the unit con t h e appropriate mounts in each of the columns (b) Compute the cost to produce one helmet P19-2A Copa Company, a manufacturer of stereo systems, started its production in October 2008. For the preceding 3 years Copa had been a retailer of stereo systems. After a thorough sur vey of stereo system markets, Copa decided to turn its retail store into a stereo equipment factory Raw materials cost for a stereo system will total 574 per unit. Workers on the production lines are on average paid $12 per hour. A stereo system usually takes 5 hours to complete. In ad- dition, the rent on the equipment used to assemble stereo systems amounts to $4.500 per month Indirect materials cost $5 per system. A supervisor was hired to oversee productionher monthly salary is $3.000. Janitorial costs are $1,300 monthly, Advertising costs for the stereo system will be $8.500 per month. The factory building depreciation expense is $7.200 per year. Property taxes on the fac tory building will be $9,000 per year. Instructions (a) Prepare an answer sheet with the following column headings Inventory Thn Raw Materials Inventory 6/3008 Finished Goods Inventory 7/10 Finished Goods Inventory 6/30/08 Work in Process Inventory 720T Work in Process Inventory 6/300 Direct Labor Indirect Labor Accounts Receiva 1596,200 $78,000 $17,050 5 8.500 Instructions (a) Prepare a cost materials) (b) Prepare an in (c) Prepare the P19-5A Tomt October 2008. A mest for the mo Cost Item Product Costs Direct Manufacturing Labor Overhead Direct Materials Period Costs Assuming that Copa manufactures, on average, 1.300 stereo systems per month, enter cach cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns (b) Compute the cost to produce one stereo system. P19-3A Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Sale Las the missing amount en courens and condered Cour of Case

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Cost Accounting

Authors: Robert E. Schmiedicke, Edward J. Vanderbeck

11th Edition

0538873426, 978-0538873420

More Books

Students also viewed these Accounting questions