Question
The industrial company Juguetera, S.A. de C.V. has implemented a Historical Cost System for production orders, begins its productive period, considering the following: a) The
The industrial company Juguetera, S.A. de C.V. has implemented a Historical Cost System for production orders, begins its productive period, considering the following:
a) The articles that are manufactured are bearings and tops.
b) At the beginning of the period the order No.100 for 230 units of bearings, enters production.
c) During the period, orders No. 101 for 1,500 units of tops, No. 102 for 1,350 units of bearings, No. 103 for 900 units of tops were processed.
1. Account balances at the beginning of the period:
Raw material warehouse: Material "A" 15,000 Kg at $ 5.00 Material "B" 7,000 Kg at $ 8.00
Indirect materials warehouse: $ 15,000.00
Production in process (Initial inventory): order No. 100 for 230 units of bearings [raw material $ 22,750.00, labor $ 4,850.00 and indirect costs $ 7,325.00.
2. operations of the month:
a) Compras:
Compra de materia prima a crdito: Tipo "A" 25,500 Kg a $5.50 y Tipo "B" 20,250 Kg a $7.50.
Compra de materiales indirectos a crdito: $ 40,000.00
b) Consumo de materia prima:
Orden No. 100: material "A" 2,000 Kg a $5.50 y material "B" 1,100 Kg a $7.50.
Orden No. 101: material "A" 10,000 Kg a $5.50 y material "B" 6,000 Kg a $7.50.
Orden No. 102: material "A" 9,900 Kg a $5.50 y material "B" 6,120 Kg a $7.50.
Orden No. 103: material "A" 3,100 Kg a $5.50, material "A" 3,500 Kg a $5 y material "B" 3,200Kg a $6.50.
c) Salarios del periodo $95,800.00
d) Aplicacin de los salarios a la produccin: Orden No. 100: 620 Hrs. a $4.00, Orden No. 101: 5,150 Hrs. a $4.00, Orden No. 102: 4,150 Hrs. a $4.00 y
Orden No. 103: 1,930 Hrs. a $4.00.
e) Costos Indirectos
Materiales: $31,753.00, Depreciaciones y amortizaciones $6,159.00. Combustibles, reparaciones, etc. $18,589.00.
3. Se terminaron las rdenes nmero 100,101 y 102, quedando en proceso la No. 103.
Se vende la orden 100 y el 86% de la 101. Con un 72% ms sobre el costo de produccin.
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