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Please answer #16. i provide the answers for 10-15. Number 15 is the Calculations of Cost of good sold picture 16. Cards by Shannon (information
Please answer #16. i provide the answers for 10-15. Number 15 is the "Calculations of Cost of good sold" picture
16. Cards by Shannon (information in Exercises 10-15) also plans to incur the following expenses during 2016: advertising expenses, $700; sales salaries expenses, $2,000; office depreciation, $900; and office supplies expense, $250. Prepare the selling and administrative expenses budget for the company. 14 Factory overhead cost budget of the company for the year 2015 Variable factory overhead costs Utilities $8,000 $500 Indirect materials Indirect factory wages $2,500 Total variable factory overhead costs Fixed factory overhead costs Factory Depreciation Total fixed factory overhead costs Total factory overhead costs $11,000 $7,500 $7,500 s18,500 Calculation of Cost of Goods Sold Direct materials: Beginning direct materials inventory Add; Cost s of direct materials purchased Total direct materials available Less: Ending direct materials inventory Raw materials used in production $200.00 2359.70 2559.70 (200.00) 2359.70 Direct labor 73842.30 Factory overhead Total manufacturing costs 18500.00 94702.00 Add: Beginning work in process inventory 8850.00 103552.00 |(20000.00) Less: Ending work in process inventory Cost of goods manufactured Add; Finished goods inventory 83552.00 10200.00 Cost of goods available for sale Less: Ending finished goods inventory 93752.00 |(25200.00) Cost of goods sold $68552.00 Step by Step Solution
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