Required information [The following information applies to the questions displayed below.] Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 201. During 201, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows: Sales revenue was $1,105,000 for the year. Selling and administrative expenses for the year amounted to $110,000. Sales revenue was $1,105,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The firm's tax rate is 40 percent. Required: 1. Prepare a schedule of cost of goods manufactured. \begin{tabular}{|l|l|l|} \hline Manufacturing overhead: & & \\ \hline & & \\ \hline & & \\ \hline Total manufacturing overhead & & \\ \hline Total manufacturing costs & & \\ \hline & & \\ \hline Subtotal & & 0 \\ \hline & & \\ \hline Cost of goods manufactured & & \\ \hline \end{tabular} 2. Prepare a schedule of cost of goods sold. 3. Prepare an income statement. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. Required: 1. Calculate the hotel's phone bills for January and February. [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 2. Calculate the cost per phone call in January and in February. (Round your answers to 3 decimal places.) [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 3. Separate the January phone bill into its fixed and variable components. [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. What is the marginal cost of one additional phone call in January? (Round your answer to 2 decimal places.) [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 5. What was the average cost of a phone call in January? (Round your answer to 3 decimal places.)
