2. The following costs were incurred in September:
Direct materials | $43,100 |
Direct labor | $24,800 |
Manufacturing overhead | $18,100 |
Selling expenses | $20,300 |
Administrative expenses | $28,700 |
Prime costs during the month totaled:
Prime costs =Direct materials+Direct labor
=(43100+24800)
which is equal to
=$67900
2. The following costs were incurred in September: Direct materials $43,100 Direct labor $24,800 ...
The following costs were incurred in May: Direct materials $ 45,100 Direct labor $ 32,300 Manufacturing overhead $ 26,700 Selling expenses $ 17,900 Administrative expense $ 34,100 Prime costs during the month totaled:
The following costs were incurred in May: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing overhead $ 46,000 Selling expenses $ 18,000 Administrative expenses $ 15,000 Product costs during the month totaled:
The following costs were incurred in September Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $42.700 $29.400 $27.300 $23.600 $33.700 Conversion costs during the month totaledi O $56,700 $72.100 O $156,700 O $70,000
2. The following costs were incurred in May: Direct materials $39,300 $23,600 $22,200 Direct labor Manufactu ing overhead Selling expenses Administrative expense 00:01:00 $14,000 $30,800 Prime costs during the month totaled: Multiple Choice $85,100 $129,900 $62,900
The following costs were incurred in May. Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expense $39,100 $30,400 $18,000 $14,500 $34,700 01:03:56 Prime costs during the month totaled: Multiple Choice 0 O $69.500 0 $48.400 0 $36.700 0 $27500
The following costs were incurred in October: Direct materials $ 33,000 Direct labor $ 13,000 Manufacturing overhead $ 23,000 Selling expenses $ 16,000 Administrative expenses $ 34,000 Conversion costs during the month totaled: $46,000 $119,000 $69,000 $36,000
The following costs were incurred in April: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $57.000 $48.000 $40,000 $36.0po $51,000 Conversion costs during the month totaled: O $97.000 O $88.000 O $232.000 O $124.000
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
ncome Statements under The reporting of the costs of manufactured products, normally direct materials, direct labor, and factory overhead, as product costs.Absorption Costing and The concept that considers the cost of products manufactured to be composed only of those manufacturing costs that increase or decrease as the volume of production rises or falls (direct materials, direct labor, and variable factory overhead).Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated...
Dexter Company incurred the following costs while producing 425 nits direct materials, 512 per unit direct labor, $26 per unitvariable manufacturing overhead. 517 per un total fixed manufacturing overhead costs $5.950 variable selling and administrative costs $2 per un totaled selling and administrative costs $3.400 There are no beginning inventories What is the operating income using absorption costing 1 425 units are sold for 5190 each? O A 547 880 OB. 539.440 OC. 547175 OD 538,530