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The Cable Service Division reported the following activity for the month of March: Basic Enhanced Premium Sales : 5 0 , 0 0 0 5
The Cable Service Division reported the following activity for the month of March:
Basic Enhanced Premium
Sales :
Price per unit: $ $ $
Unit costs:
Directly traced $ $ $
Driver traced $ $ $
Allocated $ $ $
The unit costs are divided as follows: percent production and percent marketing and customer service. Direct labor cost is the only driver used for tracing.
Inventories:
MaterialsMarch $
MaterialsMarch
Work in process, March
Work in process, March
Finished goods, March
Finished goods, March
Costs:
Direct labor, $
Plant and equipment depreciation,
Materials handling,
Inspections
Scheduling
Power
Plant supervision,
Manufacturing engineering,
Sales commissions,
Salarysales supervisor,
Supplies
Warranty work,
During March, the Phone Division purchased materials totaling $There are no significant inventories of supplies beginning or endingSupplies are accounted for separately from materials. CTBs Phone Division had sales totaling $for March
For one of our conventional phone plants, I regressed total monthly overhead cost on monthly direct labor cost using the following months of data:
Overhead Direct Labor Cost
$ $
ACan you help me prepare income statements for the Cable Service Division and for the Phone Division for March. For the income statement associated with the Phone Division, including a supporting cost of goods manufactured statement?
Please and thank you!
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