What is the total manufacturing cost?
What is the total manufacturing cost?
Homework Answers
Manufacturing cost is the sum of costs of all resources consumed in the process of making a product.
Total manufactring cost consist of following elements:
1.Direct Material: These are raw materials which are converted into finished goods.
2.Direct Labour: Cost of labour which are engaged in the process of manufacturing
3.Direct Overhead: Costs that are incurred during the production process, regardless of the output that the company produces.
Thus,
Total Manufacturing Cost = Direct Material + Direct Labor + Direct Overhead.
Given the following information for Albright Company, what was the total manufacturing cost variance? Manufacturing Costs...
Given the following information for Albright Company, what was the total manufacturing cost variance? Manufacturing Costs Actual Costs Standard Cost at Actual Volume Budgeted Cost Direct materials $ 80,300 $ 76,000 $ 71,250 Direct labor 77,000 72,500 68,400 Factory overhead 44,800 48,000 45,600 Total $202,100 $196,500 $185,250 a.$3,200 unfavorable b.$5,600 unfavorable c.$16,850 unfavorable d.$(5,600) favorable
what is the - total manufacturing cost - cost of goods manufactured - COGS Net operating...
what is the - total manufacturing cost
- cost of goods manufactured
- COGS
Net operating income
X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 Raw Materials $60,000 $58,000 Work in Process $125,000 $180,000 Finished Goods $50,000 $75,000 Production data for month follow: Direct labor cost incurred Actual manufacturing overhead cost incurred Raw materials purchased (all direct) $200,000 $125,000 $152,000
4. What is the difference between total manufacturing costs and cost of goods manufactured? Cost of...
4. What is the difference between total manufacturing costs and cost of goods manufactured? Cost of goods manufactured and cost of goods sold? 5. Do you think a public company should be concerned with Corporate Social Responsibility? Why ohwhy not?
If a question asks for the total job cost or total manufacturing cost of a job,...
If a question asks for the total job cost or total manufacturing cost of a job, which components should that include? Job Cost Record for Company using ABC: A) Manufacturing Overhead traced like always. B) Direct Materials calculated using ABC steps. C) Manufacturing Overhead allocated using only one allocation rate. D) Direct Labor calculated using the ABC steps. E) Direct Labor amount traced like always(DL Hours*DL Wage Rate) F) Direct Materials amount traced like always. G) Manufacturing Overhead allocated from...
3. what was the total of manufacturing cost assigned to job P? 4. if job P...
3. what was the total of manufacturing cost assigned to job
P?
4. if job P included 20units, what was its unit produced
cost?
5. what was the total manufacturing cost assigned to job
Q?
6. if job Q included 30 units, what was its unit product
cost?
------------------ The following information applies to the questions displayed below.) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments...
5. What is the total manufacturing cost added to Work in Process during the year? 6....
5. What is the total manufacturing cost
added to Work in Process during the year?
6. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
7. What is the ending balance in Work in Process?
8. What is the total amount of actual manufacturing overhead
cost incurred during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows:...
1. What is the total manufacturing cost added to Work in Process during the year? 2....
1. What is the total manufacturing cost added to Work in Process
during the year?
2. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
Record the manufactured goods completed during this year.
3. What is the ending balance in Work in Process?
4. What is the total amount of actual manufacturing overhead
cost incurred during the year?
5. Is manufacturing overhead underapplied or overapplied for the
year? By...
Due in an hour please help! Manufacturing overhead Total cost Unit cost Answer the following questions....
Due in an hour please help!
Manufacturing overhead Total cost Unit cost Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Direct materials Direct labor Manufacturing overhead (2) What is the predetermined manufacturing overhead rate? (Round answer to o decimal place, eg 135.) Predetermined manufacturing overhead rate (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2...
5. c. What is the total Period Cost for Langson Manufacturing Company? Show computation. D. How...
5. c. What is the total Period Cost for Langson Manufacturing Company? Show computation. D. How much is the Total Factory Overhead for Langson Manufacturing Company 1. Langson is a manufacturing company. The following costs are found in its General Ledger Accounts for the month of August, 2019: i. Materials used $150,000 ii. Direct labor $620,000 Indirect Labor $120,000 iv. Additional Factory Overhead is 2 times the materials use rate. v. Administrative salaries $130,000 vi. Sales Salaries $60,000 vil. There...
5. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.)...
5. What was the total manufacturing cost assigned to Job Q? (Do
not round intermediate calculations.)
6. If Job Q included 30 units, what was its unit product
cost?
7. Assume that Sweeten Company used cost-plus pricing (and a
markup percentage of 80% of total manufacturing cost) to establish
selling prices for all of its jobs. What selling price would the
company have established for Jobs P and Q? What are the selling
prices for both jobs when stated on...
what is the - total manufacturing cost
- cost of goods manufactured
- COGS
Net operating income
X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 Raw Materials $60,000 $58,000 Work in Process $125,000 $180,000 Finished Goods $50,000 $75,000 Production data for month follow: Direct labor cost incurred Actual manufacturing overhead cost incurred Raw materials purchased (all direct) $200,000 $125,000 $152,000
4. What is the difference between total manufacturing costs and cost of goods manufactured? Cost of goods manufactured and cost of goods sold? 5. Do you think a public company should be concerned with Corporate Social Responsibility? Why ohwhy not?
3. what was the total of manufacturing cost assigned to job
P?
4. if job P included 20units, what was its unit produced
cost?
5. what was the total manufacturing cost assigned to job
Q?
6. if job Q included 30 units, what was its unit product
cost?
------------------ The following information applies to the questions displayed below.) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments...
5. What is the total manufacturing cost
added to Work in Process during the year?
6. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
7. What is the ending balance in Work in Process?
8. What is the total amount of actual manufacturing overhead
cost incurred during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows:...
1. What is the total manufacturing cost added to Work in Process
during the year?
2. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
Record the manufactured goods completed during this year.
3. What is the ending balance in Work in Process?
4. What is the total amount of actual manufacturing overhead
cost incurred during the year?
5. Is manufacturing overhead underapplied or overapplied for the
year? By...
Due in an hour please help!
Manufacturing overhead Total cost Unit cost Answer the following questions. (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Direct materials Direct labor Manufacturing overhead (2) What is the predetermined manufacturing overhead rate? (Round answer to o decimal place, eg 135.) Predetermined manufacturing overhead rate (3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2...
5. c. What is the total Period Cost for Langson Manufacturing Company? Show computation. D. How much is the Total Factory Overhead for Langson Manufacturing Company 1. Langson is a manufacturing company. The following costs are found in its General Ledger Accounts for the month of August, 2019: i. Materials used $150,000 ii. Direct labor $620,000 Indirect Labor $120,000 iv. Additional Factory Overhead is 2 times the materials use rate. v. Administrative salaries $130,000 vi. Sales Salaries $60,000 vil. There...
5. What was the total manufacturing cost assigned to Job Q? (Do
not round intermediate calculations.)
6. If Job Q included 30 units, what was its unit product
cost?
7. Assume that Sweeten Company used cost-plus pricing (and a
markup percentage of 80% of total manufacturing cost) to establish
selling prices for all of its jobs. What selling price would the
company have established for Jobs P and Q? What are the selling
prices for both jobs when stated on...
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