ACC349.Week2.IndividualHmwk - E2-6 A Material requested...

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E2-6) A) Material requested slip, time tickets, predetermined overhead rate. B) 120% of direct labor costs C) Manufacturing overhead is direct materials plus direct labor. Therefore total cost is 7820. Unit cost would be 3.91 Finished goods 7820 work in process 7820
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A) Cost of Goods Manufacturing Schedule Month Ending May 31, 2005 Work in Process, May 1 $14,700 Direct Materials Used $62,400 Direct Labor $32,000 Manufacturing Overhead $48,000 Total Manufacturing Cost $142,400 Total Cost of Work in Process $157,100 Work in Process, May 31 ($17,900) Cost of Goods Manufactured $139,200 B) Income Statement Month Ending May 31,2005 Sales $200,000 Cost of Goods Sold Finished Goods $12,600 Cost of Goods Manufactured $139,200 Cost of Goods Available $151,800 Finished Goods $11,500 Cost of Goods Sold $140,300 Gross Profit $59,700 C) Balance Sheet 31-May-05 Finished Goods $11,500.00 Work in Process $17,900.00 Raw Materials $7,100.00
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Physical Units Materials Conversion Cost
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ACC349.Week2.IndividualHmwk - E2-6 A Material requested...

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