Homework Answers
Product cost per unit shall be :
$62000 + $90000 +15000 + $2000
=$169000
Per unit = $169000/45000
=$3.76 option b is correct
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Hillsborough Street Manufacturing Inc. Hillsborough Street Manufacturing Inc. incurred the following costs in 2011: Direct materials...
Hillsborough Street Manufacturing Inc. Hillsborough Street Manufacturing Inc. incurred the following costs in 2011 Direct materials...
Hillsborough Street Manufacturing Inc. Hillsborough Street Manufacturing Inc. incurred the following costs in 2011 Direct materials used Direct labor costs Factory rent and utilities Factory equipment depreciation Marketing expenses Administrative expenses $62,000 90,000 15,000 2,000 8,000 10,000 45,000 units were produced during the year out of which 38,000 units were sold for $10 each. There was no beginning or ending raw materials or work in process inventory Refer to the Hillsborough Street Manufacturing Inc. information above. What is the net...
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The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for...
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Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
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Hillsborough Street Manufacturing Inc. Hillsborough Street Manufacturing Inc. incurred the following costs in 2011 Direct materials used Direct labor costs Factory rent and utilities Factory equipment depreciation Marketing expenses Administrative expenses $62,000 90,000 15,000 2,000 8,000 10,000 45,000 units were produced during the year out of which 38,000 units were sold for $10 each. There was no beginning or ending raw materials or work in process inventory Refer to the Hillsborough Street Manufacturing Inc. information above. What is the net...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for factory workers were $111,280. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Materials $43,580 32,990 40,470 38,840 3,130 159,010 Factory Labour $28,800 34,200 18,000 25,100 5,180 111,280 A4 General factory use Total 3. Manufacturing overhead costs incurred on account were $69,900. 4. Depreciation on machinery and equipment was $16,910. 5. The manufacturing overhead rate...
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Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,00e Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,00e 130,e00 8,000 240,000 10,000 $473,00e $ 20,00e 30,000 $ 40,000e $ 70,00e The company uses a predetermined overhead rate of $25 per machine-hour to apply...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
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