Midterm1 Spr2010

Randalls grocery incurred the following costs in

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Unformatted text preview: Randall’s Grocery incurred the following costs in January. Bags and twist ties used by customers to package produce ...............1,250 Depreciation on pineapple coring equipment ....................................2,525 Hourly wages of checkout clerks .......................................................8,064 Produce manager's salary ...................................................................5,000 Store manager's salary .......................................................................7,000 Weekly advertising ............................................................................3,400 Total ............................................................................................27,239 Randall’s wants to determine the cost of its produce department. Considering only the costs listed above, (a) What is the total amount of indirect cost? (b) What is the total amount of cost that that will need to be allocated rather than traced directly? 7. Tristate Manufacturing reported the following information for the month of November 2009: Beginning work in process inventory .....$47,000 Direct materials purchased ........................80,000 Direct materials used.................................92,000 Direct labor used .......................................47,000 Manufacturing overhead incurred .............70,000 Beginning finished goods inventory .........12,000 Ending finished goods inventory ..............23,000 Cost of goods sold...................................210,000 Compute Tristate’s cost of goods manufactured for November. If you cannot determine the amount without additional information, describe the additional information you need. 6A:002 Spring 2010 – Midterm 1 Use the following information about ComputerPro to answer questions 8 and 9. ComputerPro began business in December 2009. It incurred the following costs during its first month of business (all costs are in thousands): Customer service hotline..................................................................................75 Depreciation on plant and plant equipment ...................................................475 Direct materials cost, including hard drives and mother...
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This note was uploaded on 09/29/2011 for the course 06A 002 taught by Professor Stuff during the Spring '11 term at University of Iowa.

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