Exercise 2.32
Manufacturing cost data for Criqui Company are presented
below:
Provide the missing amounts.
Case A | Case B | Case C | |||||||
Direct materials used | $ | (a) | $70,000 | $130,000 | |||||
Direct labour | 53,100 | 86,600 | (g) | ||||||
Manufacturing overhead | 46,100 | 81,600 | 101,500 | ||||||
Total manufacturing costs | 175,600 | (d) | 274,000 | ||||||
Work in process (1/1/20) | (b) | 15,700 | (h) | ||||||
Total cost of work in process | 222,000 | (e) | 335,900 | ||||||
Work in process (12/31/20) | (c) | 13,000 | 90,800 | ||||||
Cost of goods manufactured | 180,435 | (f) | (i) |
pariculars | case A | case B | case C | |
1 | Direct materials | 76400 | 70000 | 130000 |
2 | direct labour | 53100 | 86600 | 42500 |
3 | manufacturing overhead | 46100 | 81600 | 101500 |
4 | total manufacturing costs(1+2+3) | 175600 | 238200 | 274000 |
5 | ADD:opening work in process | 46400 | 15700 | 61900 |
6 | total cost of work in process(4+5) | 222000 | 253900 | 335900 |
7 | Less:closing work in process | 41565 | -13000 | -90800 |
8 | cost of goods manufacutred(6-7) | 180435 | 240900 | 245100 |
Exercise 2.32 Manufacturing cost data for Criqui Company are presented below: Provide the missing amounts. Case...
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Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000