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
Conversion costs=Direct labor+Manufacturing overhead
=13000+23000
which is equal to
=$36000
The following costs were incurred in October: Direct materials $ 33,000 Direct labor $ 13,000 Manufacturing...
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 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
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:
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:
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
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
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
4) Product (or manufacturing) costs consists of a) Direct materials, direct labor, and selling costs b) Direct materials, direct labor, manufacturing overhead, and operating expenses c) Administrative cost and conversion cost d) Selling and administrative costs
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $140,000 Direct labor 40,000 Variable factory overhead 20,000 Fixed factory overhead 4,000$204,000 Selling & Administrative Expenses: Variable Selling & Administrative Expenses $ 34,000 Fixed Selling & Administrative Expenses 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, the amount of gross profit that would be reported on...