what are the formulas to solve the following questions. which things should be counted as indirect costs to calculate overhead and is the work i have done so far correct?

Indiv Page 2 of 11 Individual Homework Assignment # 1 Summer 2019 Problem #1 : GAAP Product Costs (38 points) The following problem is in two independent parts. Part 1: Dola Cleaning Products (20 points) The following information was extracted from the records of Dola Cleaning Products, a manufacturer of mops and other cleaning supplies for the home and office. On May 15, 2019, Dola Cleaning Products ordered 80,000 square yards of spongy-foam material that it uses in its best-selling mop to be shipped under FOB Shipping Point terms. On May 30, 2019, Dola Cleaning Products received 80,000 square yards of the spongy-foam material from its supplier at a cost of $2.20 per square yard reduced by a 5.0 % preferred customer. The appropriate party received an invoice from the transportation company for $1,200 for the shipping charges on the delivery of the spongy-foam material. Calculate the total historic cost and the cost per square yard of the 80,000 square yards of the spongy-foam material purchased by Dola Cleaning Products in May 2019 according to GAAP. a Your Answer I68 400,00 Total Historic Cost of spongy-foam material (4 points) $21105/3 Historic Cost per Square Yard of the spongy-foam material (2 points) Supporting Calculations Required: 60,000x$2.20 List price S7C 000 Trade Discount s8800) 176000 X S% gI67200 I76000-5% + t 1200 Storage total Historic $I68400 total praduct costs Incured square yards Purchased Cost per Unit Cper sq yd 20000 Sauare gands purchased 2.605 Indvidual Homework Assignment #1 Page 3 of 11 Summer 2019 The factory began and completed a production run of its best-selling mop during the first week of June 2019 and reported costs and output for the week of: Units produced 70,000 mops Spongy-Foam Materials Requisitioned and Used 52,500 square yards ect Maleit Other Direct Materials Requisitioned by the factory $38,500 Unused Other Direct Materials Returned to the warehouse ($1,925) 840 Trd Hours Worked by Production Line Workers Laon $22.50 per DLH Difect Labor Direct Labor Rate $30.00 per DLHIndiec t praduet Overhead Allocated to the production run The factory transferred the mops to the Company's warehouse on June 12, 2019. Calculate the following productions costs related to the 70,000 mops produced Dola Cleaning Products during June 2019 according to GAAP. b. Your Answer $154,612. 5 Total Direct Material Cost incurred to produce mops in June 2019 (4 points) $2. a04 per mop GalculationS Supporting Calculation Required: Direct Materals used 52500 SA yds x5.0g per sa yd $11GS (a. 921.50 X9HO hours over Head 30, 00 x 84O howrs 18400.00 $25200.00 154,612 5 $2ao Per mOP Direct Labor Manufacturing total production cost inpat Production Cost rer unit $154, C12.570,000 Your Answer 418 00.0 Total Direct Labor Cost incurred to produce mops in June 2019 (2 points) Supporting Calculation Required: 22.50 Direct Labgr fate x g40 Houns worked bu product on Line workcrs otal Direct labor cost 13900 00 Page 4 of 11 Summer 2019 Individual Homework Assignment #1 Your Answer Total Overhead Cost allocated to produce mops in June 2019 (2 points) Supporting Calculation Required: Your Answer Total Historic Cost of mops produced mops in June 2019 (4 points) Supporting Calculation Required: Your Answer Historic Cost per Unit of mops produced in June 2019 (2 points) Supporting Calculation Required