Homework Answers
(ex 2.37 )Assigning cost to cost object , direct cost , indirect cost
| cost object | indirect cost | direct cost |
| f)cafeteria that services the plants employees | a)salary of supervisor | c)materials used to produce motor |
| j)engineering support | b)power to heat and cool the plant | e) labour used to produce motors |
| l)cost of the plants personnel office | g) depreciation on the plant | i)ordering cost for materials used in production |
| d)maintenance for the cells equipment | k)cost of maintaining plant and grounds | h)depreciation on the equipment used to produce the motors |
| m) property tax on the plant and land | ||
(ex 2.38) total and unit product cost
1. period cost = selling expenses
2. product cost = direct material , direct labour , product cost
3. unit product cost =(( 7000+3000+2000)/4000) = 12000/4000 = $ 3 per unit
(ex .2.45 )
1. cost of direct material used =( materials purchased + materials at the beginning of the period - materials at the end of the period )
= (200000+120000)-130000 = 190000
2. total cost of manufacturing = direct material cost + direct labour cost + overheads
=190000+120000+325000=635000
3. cost of goods manufactured : = ( dir.material +dir.labour+manufacturing overheads+(opening work in progress - ending WIP )+(opening finished goods -ending finished goods) )
=635000 + 80000-90000+70000-65000 =630000
(ex.2.50)
a )direct materials used in production = opening inventory +purchases-ending inventory
=10000+45000-15000=40000
b)direct labour = COGS - direct materials - manufac. overheads - WIP - finished goods
WIP = open bal. - clos bal.=3000
finished gooods= open bal . - clos bal. = 1000
=169000-40000-80000-3000-1000 = 45000
c)direct materials beginning inventory : 15000 (last years closing balance )
d)direct material purchases =50000+17000 - 15000 = 52000
e) cost of goods sold : = 50000+53000+76000 +14000-19000+7000-11000=170000
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