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Please help with the requirements 1 through 6 of this problem. Thank you. Chapter g Basic Cost Management Concepts PROBLEMS Problem 2.28 st Assignment Methods
Please help with the requirements 1 through 6 of this problem. Thank you. Chapter g Basic Cost Management Concepts PROBLEMS Problem 2.28 st Assignment Methods Brody Company kes industrial cleaning solvents. Various chemicals, detergent, and water are mixed and then bottled in 10-gallon drums. Brody provided the following information for last year: Raw materials purchases 140,000 Direct labor 45.000 Depreciation on factory equipment 30.000 Depreciation on factory building Depreciation on headquarters building 50.000 15.000 Factory insurance Property taxes Factory 20,000 Headquarters 18,000 Utilities for factory 34,000 Utilities for sales office 1,800 Administrative salaries 150,000 Indirect labor salaries 56,000 Sales office salaries 90,000 Beginning balance, raw materials 124.000 Beginning balance, work in process 124.000 Beginning balance, finished goods Ending balance, raw materials 102,000 Ending balance, work in process 130,000 Ending balance, finished goods Last year, Brody completed 100,000 units. Sales revenue equaled si.200,000, and Brody paid a sales commission of 5 percent of sales. Required: 1. Calculate the direct materials used in production for last year. 2. Calculate total prime cost. 3. Calculate total conversion cost. 4. Prepare a cost of goods manufactured statement for last year. Calculate the unit product cost. 5. Prepare a cost of goods sold statement for last year. 6. Prepare an income statement for last year. Show the percentage of sales that each line item represents Problem 2.29 Cost Information and Decision Making, Resource and Activity Drivers, Activity Based versus Traditional Systems Wright Plastic Products is a small company that specialized in the production of plastic dinner plates until several years ago. Although prnfits for tha
Please help with the requirements 1 through 6 of this problem. Thank you.
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