ACC212 Module 2-1

ACC212 Module 2-1 - 2_16P Managerial Accounting Prof. Ed...

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2_16P Page 1 Managerial Accounting Prof. Ed Kaplan Module 2 2_16P Product C Name of the Cost Variable Cost Fixed Cost Direct Materials Direct Labor Direct Materials X X Supervisor X Workers X X Rent Building X X Rent Equipment X X Depreciation X Advertising X Shipping X Electrical X Investments X
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2_16P Page 2 Cost Manufacturing Overhead Period Cost Opportunity Cost Sunk Cost X X X X X X
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2_25P Page 3 2_25P Schedule of Cost of Goods Manufactured Direct Materials Beginning Raw Materials Inventory $17,000.00 Add: Purchases of raw materials $190,000.00 Raw materials available for use $207,000.00 Deduct: Ending raw materials inventory $42,000.00 Raw materials used in production $165,000.00 Direct Labor $90,000.00 Manufacturing overhead Insurance factory $6,000.00 Indirect labor $108,000.00 Utilities factory $45,000.00 Rent, facilities $32,000.00 Depreciation, factory equipment $12,000.00 Maintenance, factory $7,000.00 Total manufacturing overhead cost $210,000.00 Total manufacturing cost $340,000.00 Add: Beginning work in process inventory $70,000.00 $410,000.00 Deduct: Ending work in process inventory $85,000.00 Cost of goods manufacturing $325,000.00 Skyler Company
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This note was uploaded on 04/06/2008 for the course ACC 212 taught by Professor Kaplan during the Spring '08 term at Grand Canyon.

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ACC212 Module 2-1 - 2_16P Managerial Accounting Prof. Ed...

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