Homework Answers
prime cost=Direct materials+Direct labor
=39300+23600
which is equal to
=$62900
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2. The following costs were incurred in May: Direct materials $39,300 $23,600 $22,200 Direct labor Manufactu...
The following costs were incurred in May. Direct materials Direct labor Manufacturing overhead Selling expenses Administrative...
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
The following costs were incurred in May: Direct materials $ 45,100 Direct labor $ 32,300 Manufacturing...
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 ...
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 May: Direct materials $ 41,000 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 October: Direct materials $ 33,000 Direct labor $ 13,000 Manufacturing...
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
The following costs were incurred in April: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative...
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 September Direct materials Direct labor Manufacturing overhead Selling expenses Administrative...
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
Krepps Corporation produces a single product. Last year, Krepps manufactured 27,970 units and sold 22,200 units....
Krepps Corporation produces a single product. Last year, Krepps manufactured 27,970 units and sold 22,200 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $234,948 $131,459 $240,542 $335, 640 Sales totaled $1,043,400 for the year, variable selling and administrative expenses totaled $113,220, and fixed selling and administrative expenses totaled $198,587. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
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
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 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
Krepps Corporation produces a single product. Last year, Krepps manufactured 27,970 units and sold 22,200 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $234,948 $131,459 $240,542 $335, 640 Sales totaled $1,043,400 for the year, variable selling and administrative expenses totaled $113,220, and fixed selling and administrative expenses totaled $198,587. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
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