managerial accounting
question 1
v Question Completion Status: ' Close Window ) A Moving to another question will save this response. Question 1 of 4 Question 1 1 points (Extra Credit) Miyose Corporation, a manufacturing company, has provided the following data for the month of June: Raw materials purchased during June totaled $67,000 and the cost of goods manufactured totaled $124,000. Inventories: Beginning Ending Raw Materials $ 23,000 $ 21,000 Finished Goods $ 32,000 $ 37,000 Required (round to nearest dollar with no decimal places) a. What was the cost of direct materials used in production during June? 35 ' b. What was the cost of goods sold for June? Show your work. $ ' 5..) A Moving to another question will save this response. Question 1 0f 4 Question 2 2 points (Extra Credit) Save Answer Pachur Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price .. ... .mmm $121 Units in beginning inventory..... 300 Units produced .. 6.900 Units sold .. .......... 7,100 Units in ending inventory. . .mmmmmm 100 Variable costs per unit: Direct materials .... $36 Direct labor ............. $43 Variable manufacturing overhead .. ........ $3 Variable selling and administrative ..... . $11 Fixed costs: Fixed manufacturing overhead $131,100 Fixed selling and administrative . ..... $49,700 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required; (present with no decimal places) : What is the unit product cost for the month under variable costing? $ Determine the absorption costing net operating income for the month. $9 poll\"! {mum Wall] save Answer Avignon Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company 5 Est processmg department for a recent month: Work in process. beginning: Units in process ..... 900 Percent complete With respect to materials 80% Percent complete with respect to conversion ...... 10% Costs in the beginning inventory: Materials cost ...................................................... $6,768 Conversion cost .................................................. $3,186 Units started into production during the month ..... 10,000 1 Units completed and ranserred out ...................... 10,100 Costs added to production during the month: Materials cost ...................................................... $97,104 Conversion cost .................................................. $356,940 Work in process, ending: Units in proeeu ..... 800 Percent complete With respect to materials ........ 90% Percent complete with respect to conversion ...... 20% Complete the following table: DM CC Equivalent |' [ Units of Production \"nib units Cost per ml Iivnlnnt Costs added to production during the month: Materials cost ...................................................... $97,104 Conversion cost .................................................. $356,940 Work in process, ending: Units in process ................................................... 800 Percent complete with respect to materials .. ,. 90% Percem complete with respect to conversion ...... 20% Complete the following table: DM CC Equivalent [ Unitsof 7,7 7 W 7 ,7, 7%, , ,7, Production units Cost per equivalent Unit (round $[' to 2 decimal place) Ending Inventory Value(round $ to nearest whole dollar) Transferred Out value (round to $ nearest whole dollar) Instructions Multiple Attempts Not allowed . This test can only be taken once . Force Completion This test can be saved and resumed later ." * Question Completion Status :" Close Window* STEVE ELIG SHOUT` ^ ^ Click Submit to complete this assessment .
