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PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK! Kawhi, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin

PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK!

Kawhi, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin of 68%. Direct materials cost $19 per unit, and direct labor costs $23 per unit. Manufacturing overhead is applied at a rate of 140% of direct labor cost. Nonmanufacturing costs are $13 per unit.

How much does each cat condo sell for?

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Mills, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The activity rate for Machining is $24 per machine hour, and the activity rate for Inspection is $40 per batch. The activity drivers are used as follows:

Product A

Product X

Machine hours

1,910

1,662

Number of batches

164

230

What is the total cost of Machining?

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Solo Manufacturing company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $163,800 and machine hours to be 13,600. Actual manufacturing overhead was $129,700 and actual machine hours was 13,570.

What is the debit to manufacturing overhead?

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Ginobili Corp has the following information:

Beginning Inventory (1/1)

Ending Inventory (12/31)

Raw Materials Inventory

$

24,421

$

22,877

Work in Process Inventory

$

10,077

$

9,013

Finished Goods Inventory

$

16,679

$

19,957

Additional information for the year is as follows:

Raw materials purchases

$

56,387

Direct labor

$

44,554

Manufacturing overhead applied

$

45,362

Indirect materials

$

2,452

Compute the cost of goods manufactured.

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