Chapter 16 homework

Chapter 16 homework - Chapter 16 E2 Description...

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Chapter 16 E2 Description Direct or Indirect Depreciation on office Computer Period Fixed non-value Labor to assemble bicycle Product Variable Value adding Direct Labor to inspect bicycle Product Variable non-value Indirect Internal auditor's salary Period Fixed Non-value Lubricant for wheels Product variable value-adding Indirect E3 1. RET 2. SER 3. MANF E4 Rao Company Statement of Cost of Goods Manufactured For the Month of August Direct Material Used Materials Inventory, beginning $48,600 Direct materials purchased 139,000 Cost of direct materials available for use $187,600 Less materials inventory, ending 50,100 Cost of direct materials used $137,500 Direct Labor (3,400 hours x $8.75) 29,750 Overhead Utilities $5,870 Supervision 16,600 Indirect materials 6,750 Depreciation 6,200 Insurance 1,830 Miscellaneous 1,100 Total Overhead $38,350 Total manufacturing costs $205,600 Add work in process inventory, beginning 54,250 Total cost of work in process during the month $259,850 Less work in process inventory, ending
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Chapter 16 homework - Chapter 16 E2 Description...

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