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Course Hero Question 1 - Chapter 2 assignmen X G Problem 2-17 Schedule of Cost of God + - X D C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a... | G Google M Gmail YouTube Maps Prime Video Northern College St... Bb Welcome, AMANJO... Course Home M McGraw-Hill Conne.. N CengageBrain - My... My Sessions - E-Cla.. Chapter 2 assignment i Saved Help Save & Exit Submit Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour [LO1, LO2, LO3, LO4, LO5] The following information pertains to the most recent quarter at Precious Production Limited. 20 points Purchases of raw materials $ 361, 500 Raw materials inventory, beginning 40, 400 Raw materials inventory, ending 68, 500 eBook Depreciation, factory 170, 506 Insurance, factory 20, 106 Ask Direct labour 240, 700 Maintenance, factory 120, 406 Print Administrative expenses 280, 800 Sales 1, 824, 000 Utilities, factory 108,500 Supplies, factory 4, 010 Selling expenses 320, 900 Indirect labour 260, 700 Work in process inventory, beginning 28, 050 Work in process inventory, ending 120, 200 Finished goods inventory, beginning 40, 150 Finished goods inventory, ending 160, 606 Required: 1. Prepare a schedule of cost of goods manufactured. PRECIOUS PRODUCTION Schedule of Cost of Goods Manufactured For the quarter ended xxxx Mc Graw Hill Type here to search 7.C Mostly clear ~ (7 4) ENG 5:42 AM O 2021-10-01Course Hero Question 1 - Chapter 2 assignmen X G Problem 2-17 Schedule of Cost of God + - X D C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a... | 40 G Google M Gmail YouTube Maps Prime Video Northern College St... Bb Welcome, AMANJO... Course Home M McGraw-Hill Conne.. N CengageBrain - My. My Sessions - E-Cla.. Chapter 2 assignment i Saved Help Save & Exit Submit 1. Prepare a schedule of cost of goods manufactured. PRECIOUS PRODUCTION Schedule of Cost of Goods Manufactured For the quarter ended xxxx Direct materials: 20 points 0 eBook Ask $ 0 Print Manufacturing overhead Total overhead costs 0 Total manufacturing costs 0 Cost of goods manufactured $ 0 Mc Graw Hill Type here to search O 7.C Mostly clear ~ (7 4) ENG 5:42 AM 2021-10-01Course Hero Question 1 - Chapter 2 assignmen X G Problem 2-17 Schedule of Cost of God + - X D C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a... | 40 G Google M Gmail YouTube Maps Prime Video Northern College St... Bb Welcome, AMANJO... Course Home M McGraw-Hill Conne.. N CengageBrain - My. My Sessions - E-Cla.. Chapter 2 assignment i Saved Help Save & Exit Submit 2. Prepare an income statement. PRECIOUS PRODUCTION LIMITED Income Statement 20 For the quarter ended xxxx points Cost of goods sold eBook Ask 0 Print 0 Selling and administrative expenses: O $ 3. Assume that the company produced the equivalent of 11,000 units of product during the year. What was the average cost per unit for direct labour? What was the average cost per unit for factory insurance? (Round your answers to 2 decimal places.) Average cost Mc Graw Hill Type here to search O 7.C Mostly clear ~(7 () ENG 5:42 AM 2021-10-01Course Hero Question 1 - Chapter 2 assignmen X G Problem 2-17 Schedule of Cost of God + - X D C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a... | 40 G Google M Gmail YouTube Maps Prime Video Northern College St... Bb Welcome, AMANJO... Course Home M McGraw-Hill Conne.. N CengageBrain - My.. My Sessions - E-Cla.. Chapter 2 assignment i Saved Help Save & Exit Submit 3. Assume that the company produced the equivalent of 11,000 units of product during the year. What was the average cost per unit for direct labour? What was the average cost per unit for factory insurance? (Round your answers to 2 decimal places.) 20 points Average cost Direct labour per unit eBook Insurance per unit Ask Print 4. Assume that the company expects to produce 13,000 units of product during the coming year. What average cost per unit and what total cost would you expect the company to incur for direct materials at this level of activity? For factory insurance? (In preparing your answer, assume that direct materials is a variable cost and that insurance is a fixed cost; also assume that insurance is computed on a straight-line basis.) (Do not round intermediate calculations. Round "Average cost per unit" answers to 2 decimal places.) Average cost per unit Total cost Direct materials Insurance Mc Graw Hill Type here to search O 7.C Mostly clear ~ (7 4) ENG 5:43 AM 2021-10-01Course Hero Question 1 - Chapter 2 assignmen X G Problem 2-17 Schedule of Cost of God + - X D C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fnewconnect.mheducation.com%252F#/a... | A G Google M Gmail YouTube Maps Prime Video Northern College St... Bb Welcome, AMANJO... @ Course Home M McGraw-Hill Conne.. N CengageBrain - My... My Sessions - E-Cla. Chapter 2 assignment i Saved Help Save & Exit Submit total cost would you expect the company to incur for direct materials at this level of activity? For factory insurance? (In preparing your answer, assume that direct materials is a variable cost and that insurance is a fixed cost; also assume that insurance is computed on a straight-line basis.) (Do not round intermediate calculations. Round "Average cost per unit" answers to 2 decimal places.) Average cost per unit Total cost Direct materials 20 Insurance points eBook Ask Print 5. This part of the question is not part of your Connect assignment. 6. Assuming the company produced 18,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 3,600 finished units. Direct materials Direct labour Manufacturing overhead Total $ Mc Graw Hill Type here to search O 7.C Mostly clear ~ (7 4) ENG 5:43 AM 2021-10-01