Question
THE FOLLOWING DATA FROM THE JUST COMPLETED YEAR ARE TAKEN FROM ABC NICE CORPORATION COMPANY Sales $ 534,000 Direct labor cost 80,000 Raw material purchases
THE FOLLOWING DATA FROM THE JUST COMPLETED YEAR ARE TAKEN FROM ABC NICE CORPORATION COMPANY
| Sales | $ 534,000 |
| Direct labor cost | 80,000 |
| Raw material purchases | 120,000 |
| Selling expenses | 150,000 |
| Administrative expenses | 65,000 |
| Manufacturing overhead applied to work in process | 100,000 |
| Actual manufacturing overhead costs | 90,0000 |
|
|
|
| Inventories | Beginning of the year | Ending of the year |
| Raw material | $ 10,000 | $ 18,000 |
| Work in process | 13,000 | 8,000 |
| Finished goods | 23,000 | 38,000 |
Determine the followings:
- Raw material used in production
- Total manufacturing costs
- Cost of Goods Manufactured
- Calculate the UNDER or OVER APPLIED OVERHEAD
- If the company produces 100,000 units , what would be the cost of producing a unit (cost per units of production) ?
- NET OPERATING INCOME
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The Book Marketing Audit
Authors: Kilby Blades
1st Edition
0985798335, 978-0985798338
