2.
Total manufacturing costs | $ 1,64,000 |
Beginning work in process inventory | $ 12,000 |
Total work in process inventory | $ 1,76,000 |
Ending work in process inventory | $ 10,000 |
Cost of goods manufactured | $ 1,66,000 |
Beginning finished goods inventory | $ 13,000 |
Goods available | $ 1,79,000 |
Ending finished goods inventory | $ 17,000 |
Cost of goods sold | $ 1,62,000 |
3. Contribution Margin per unit = $32-26 = $6 per unit
Required sales units = (Fixed Costs + Target Income) /
Contribution Margin per unit
= (5004+27000)/6 = 5334 units
4. Contribution Margin per unit = $1100-500 = $600 per
unit
Required before tax income = $18900/0.70 = $27000
Required sales units = (Fixed Costs + Target Income) /
Contribution Margin per unit
= (120000+27000)/600 = 245 units
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate...
Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,000, variable costs are $400, and fixed costs are $90,000. How many dresses must the Bridal Shoppe sell to yield after-tax net income of $18,000, assuming the tax rate is 40%? A) 200 dresses B) 170 dresses C) 150 dresses D) 145 dresses
The number of units required to be sold to achieve $60,000 of operating profit is a. 10,000 units. b. 11,666 units. c. 15,000 units. d. 18,000 units. e. 12,000 units. Multiple Choice te the information below to answer the following questions chicaco Industries Inc. had the following activities during the year Direct materials: Beginning inventory $40,000 Purchases 126,000 Ending inventory 36,000 Direct manufacturing labour 45,000 Manufacturing overhead 35,000 Ending work-in-process inventory 12,000 Beginning work-in-process inventory 3,000 Ending finished goods inventory...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
the product costs for the direct materials, direct labor, and overhead. Then the period costs for selling and admin. Then the totals highlighted in yellow and the total manufacturing costs. also the cost per table Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during...
Please show all your work. Yr 1. Calculate the total manufacturing costs incurred in 2017 (6 points) Beginning finished good, 1/1/2018 Ending finished goods, 12/31/2018 Cost of goods sold Sales revenue Operating expenses Beginning inventory of direct materials, 1/1/2017 $ 51, 000 30,000 253,000 482,000 105,000 no W $15,000 $82,000 Purchases of direct materials in 2017 Ending inventory of direct materials 12/31/2017 $4,000 $26,000 $36.000 TO o ds Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 bo
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year ended 20xx, manufacturing overhead of $225,180 was applied to production; actual manufacturing overhead was $188,600. Beginning Work in Process Inventory was $23,100, and beginning Finished Goods Inventory was $44,700. Work in Process Inventory decreased by 25% during the year and Finished Goods Inventory decreased by 20% during the year. Adjusted Cost of Goods Sold was $623,200 for the year ended 20xx. Complete the following...
Acosta Supplies experienced the following costs in 2017: Direct materials Direct labor Variable manufacturing overhead Variable selling Fixed manufacturing overhead Fixed selling and administrative $1.50 per unit $4.50 per unit $2.00 per unit $1.00 per unit $70,000 $80,000 During 2017, the company manufactured 4,000 units and sold 4,200 units. Assume the same unit costs in all years. Beginning inventory consists of 800 units. How much are total variable costs on the company's 2017 contribution margin income statement?
Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): Direct materials used $144,000 V Direct manufacturing labor costs 46,000 V Plant energy costs 3,000 V Indirect manufacturing labor costs 15,000 V Indirect manufacturing labor costs 17,000 F Other indirect manufacturing costs 6,000 V Other indirect manufacturing costs 21,000 F Marketing, distribution, and customer-service costs 124,000 V Marketing, distribution, and...
Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $780,000; direct labor costs, $4,300,000; and factory overhead costs applied, $2,150,000. 1. Determine the company's predetermined overhead rate for 2017 2. Assuming that the company's $84,000 ending Work in Process Inventory account for 2017 had $33,000 of direct labor costs, determine the inventory's direct materials costs. 3. Assuming that the company's $620,000 ending Finished Goods Inventory account for 2017...
Sales $1,980 Selling expenses 350 Manufacturing overhead 460 Direct labor 400 Administrative expenses 500 Purchases of Direct materials 460 Finished goods inventory, beginning 240 Finished goods inventory, ending 320 Direct materials inventory, beginning 200 Direct materials inventory, ending 140 Work in process inventory, beginning 140 Work in process inventory, ending 100 What was the cost of the direct materials used in production during the year? Question 16 options: $660 $700 $340 $520