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Problem D: Quarantina makes liquid disinfectant Various chemicals are mixed together and then bottled in 10 gallon drums. Quarantina provided the following information Particulars Amount
Problem D: Quarantina makes liquid disinfectant Various chemicals are mixed together and then bottled in 10 gallon drums. Quarantina provided the following information Particulars Amount Particulars Amount Materials Purchases 150,000 Salaries Factory workers 50,000 Direct Labor 110,000 Salaries-Administrative 150,000 Depreciation Factory Equipment 20,000 Salaries Sales Office 100,000 Depreciation-Factory Building 80,000 30,000 Beginning bal. Raw Materials Depreciation-Admin. Building 50,000 Beginning bal. Work in Process 90,000 Factory Insurance 40,000 Beginning bal. Finished Goods 70,000 Property Taxes-Factory 15,000 Ending Bal. Raw Materials 30,000 Property Taxes- Admin Office 20,000 Ending Bal Work in Process 60,000 Utilities Factory 25,000 Ending Bal. Finished Goods 50,000 Utilities Admin Office 10,000 Last year, Quarantina completed 100,000 units. Sales revenue equaled P1,600,000 and Quarantina paid a sales commission of 5 percent of sales Calculate the following 7. Direct materials used 8. total prime cost 9 total conversion cost 10. total manufacturing cost 11. cost of goods manufactured 12 cost of goods sold 13. Total Operating Expenses 14. Gross Income 15 Net Income
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