Question

E67 x for B_100 2 Enter Numbers in the blue cells Enter your Calculations in the yellow cells Enter titles and aco 6 Unit 1 7 Read Chapter 17 Intro To Managerial Acete https www.principlesofaccounting.cordmanagerial-cost-accounting ho Use the following cost information to complete the schedules below for Jackson Company: Advertising Expense 21,275 Rent expense office 24,725 12 Depreciation office 8.575 Rent expense selling 27,350 13 Depreciation selling 10,775 L Rent expense factory 94,975 14 Depreciation factory 3 7,350 maintenance factory 27,375 15 Factory Supervision 137,250 S ales 5 ,928,721 16 Factory supplies - use 7 ,050 Sales salaries 2 37,950 17 Factory utilities 35,700 Raw mat beginning 41,375 18 Direct labor 562,475 Raw Mat ending 72,430 19 Indirect labor 57,000 WIP Beginning 13,550 20 Misc production costs 9,660 WIP Ending 13,350 2 Office salaries 67,350 Fin Goods Beginning 175,250 22 Raw Mat purchases 837,925 Fin Good Ending 152,750 132 25 Calculate the total overhead costs: Total Problem Problem 2 Problems

Answer 1

Total overhead costs:
Depreciation factory	37350
Factory supervision	137250
Factory supplies used	7050
Factory utilities	35700
Indirect labor	57000
Misc production costs	9660
Rent expense factory	94975
Maintenance factory	27375
Total	406360
Cost of Goods Manufactured Schedule
Direct materials
1 Beginning raw materials inv	41375
2 Raw materials purchases	837925
3 Total raw materials available	879300
4 Less: End raw materials inv	72430
5 Direct materials used	806870
6 Direct labor	562475
8 Total manufacturing overhead	406360
9 Total manufacturing costs	1775705
10 Beginning work in process, 1/1	13550
11 Total cost of work in process	1789255
12 Less: Work in process, 12/31	13350
13 Cost of goods manufactured	1775905
14 Beginning finished goods inventory	175250
15 Cost of goods manufactured	1775905
16 Total goods available for sale	1951155
17 Less ending finished goods	152750
18 Cost of goods sold	1798405
INCOME STATEMENT
Sales	5928721
Cost of goods sold	1798405
Gross profit	4130316
Selling and admin expenses*	398000
Operating income (EBIT)	3732316
*Selling and admin expenses:
Advertising expense	21275
Depreciation office	8575
Depreciation selling	10775
Office salaries	67350
Rent expense office	24725
Rent expense selling	27350
Sales salaries	237950
Total	398000