A Company B Company Materials inventory Dec 1 $ 75,800 $ 175,300 Materials inventory Dec 31...
|
A Company |
B Company |
|
|
Materials inventory Dec 1 |
$ 75,800 |
$ 175,300 |
|
Materials inventory Dec 31 |
(a) |
81,140 |
|
Materials Purchased |
292,800 |
|
|
Cost of direct materials used in production |
327,800 |
(b) |
|
Direct labor |
397,800 |
567,220 |
|
Factory Overhead |
158,400 |
246,060 |
|
Total Manufacturing costs incurred in December |
(b) |
1,509,000 |
|
Total manufacturing costs |
983,000 |
1,717,320 |
|
Work in process inventory Dec 1 |
129,000 |
198,320 |
|
Work in process inventory Dec 31 |
182,200 |
(c) |
|
Cost of goods manufactured |
(c) |
1,522,020 |
|
Finished goods inventory Dec 1 |
234,000 |
259,0808 |
|
Finished goods inventory Dec 31 |
207,400 |
(d) |
|
Sales |
1,137,000 |
1,934,320 |
|
Cost of goods sold |
(d) |
1,534,040 |
|
Gross profit |
(e) |
(e) |
|
Operating expenses |
127,600 |
(f) |
|
Net income |
(f) |
154,920 |
Homework Answers
|
A Company |
B Company | |
| Materials inventory Dec 1 | $75,800 | $175,300 |
| Materials inventory Dec 31 | $40,800 | 81,140 |
| Materials Purchased | 292,800 | $601,560 |
| Cost of direct materials used in production | 327,800 | 695,720 |
| Direct labor | 397,800 | 567,220 |
| Factory Overhead | 158,400 | 246,060 |
| Total Manufacturing costs incurred in December | 884,000 | 1,509,000 |
| Total manufacturing costs | 983,000 | 1,717,320 |
| Work in process inventory Dec 1 | 129,000 | 198,320 |
| Work in process inventory Dec 31 | 182,200 | 393,620 |
| Cost of goods manufactured | 929,800 | 1,522,020 |
| Finished goods inventory Dec 1 | 234,000 | 2,590,808 |
| Finished goods inventory Dec 31 | 207,400 | 2,578,788 |
| Sales | 1,137,000 | 1,934,320 |
| Cost of goods sold | 956,400 | 1,534,040 |
| Gross profit | 180,600 | 400,280 |
| Operating expenses | 127,600 | 245,360 |
| Net income | 53,000 | 154,920 |
Add Answer to:
A Company
B Company
Materials inventory Dec 1
$ 75,800
$ 175,300
Materials inventory Dec 31...
10 is solved 10.) Several items are omitted from the income statement and cost of goods...
10
is solved
10.) Several items are omitted from the income statement and cost of goods sold manufactured statement data for two different companies for the month of December: A Company $ 75,800 (a) 292,800 327,800 B Company $ 175,300 81,140 (b) 397,800 158,400 (b) 246,060 1,509,000 Materials inventory Dec 1 Materials inventory Dec 31 Materials Purchased Cost of direct materials used in production Direct labor Factory Overhead Total Manufacturing costs incurred in December Total manufacturing costs Work in process...
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10
is solved
10.) Several items are omitted from the income statement and cost of goods sold manufactured statement data for two different companies for the month of December: A Company $ 75,800 (a) 292,800 327,800 B Company $ 175,300 81,140 (b) 397,800 158,400 (b) 246,060 1,509,000 Materials inventory Dec 1 Materials inventory Dec 31 Materials Purchased Cost of direct materials used in production Direct labor Factory Overhead Total Manufacturing costs incurred in December Total manufacturing costs Work in process...
It is expected that 15,000 units will
be sold at a price of $260 a unit. Maximum sales within relevant
range are 20,000 units.
Instructions:
Prepare an estimated income statement
What is the expected contribution margin ratio?
Determine the break-even sales in units and dollars
What is the expected margin of safety in dollars and as a
percentage of sales? Round to one decimal place
Determine the operating leverage
A Company
Estimated Income Statement
For the Year Ended December...
A Company expects to maintain the same inventories at the end
of the year as the beginning of the year. The total of all
production costs for the year is therefore assumed to be equal to
the cost of goods sold. The various department heads were asked to
submit estimates of the costs for their departments during the
year. A summary report of these estimates is as follows:
Estimated FIXED COST
Estimated VARIABLE COST (PER UNIT
SOLD)
Production costs:
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