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16 how much is the material cost problem j the

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16.How much is the material cost?PROBLEM J:The following cost data were taken from the records of Cinnamon manufacturing co.:Depreciation on factory equipmentP 1,000Depreciation on sales office500Advertising7,000Freight out3,000Wages of production workers28,000Raw materials used47,000Sales salaries and commissions10,000Factory rent2,000Factory insurance500Materials handling1,500Administrative salaries2,000Required: compute for the17.Manufacturing cost18.Distribution cost19.General and administrative expensePROBLEM K:
ACCT 1A&B: Fundamentals of AccountingBCSVPage7of14BA1 – 2010Cattleya Manufacturing Company produces notebooks and pad papers. The company’s raw materialinventory account includes the costs of both the direct and indirect materials. Account balances for thecompany at the beginning and end of November 2012 follow:InventoriesNovember 30October 31Raw materialsP69,600P93,200Work-in-process120,000146,400Finished goods104,80072,000During the month, the company purchased P656,000 of raw materials, direct material used during theperiod amounted to P504,000. Factory payroll costs for November were P788,000, of which 75% wasrelated to direct labor. Overhead charges for depreciation, insurance, utilities, and maintenance totaledP600,000 for November.Required: compute for the20.Total cost to account for21.Cost of goods manufactured22.Total goods available for sale23.Cost of salesPROBLEM L:The cost of goods sold in April 2013 for Adriano Co. was P2,644,100. The April 30 Work-in-processinventory was 25% of April 1 work-in-process inventory. Overhead was 225% of direct labor cost. DuringApril, P1,182,000 of direct materials were purchased. Other April information follows:InventoriesApril 1April 30Direct materials30,00042,000Work-in-process90,000Finished goods125,00018,400Required: compute for the24.Prime cost25.Conversion cost26.Goods placed in processPROBLEM M:The following transactions were incurred by Reyes Industries during May 2013:I.Issued P800,000 of direct material to production.II.Paid 40,000 hours of direct labor at P18 per hour.III.Accrued 15,500 hours of indirect labor cost at P15 per hour.IV.Recorded P102,100 of depreciation on factory assets.V.Accrued P32,800 of factory supervisor’s salaries.VI.Issued P25,400 of supplies to productionVII.Completed goods costing P1,749,300 and transferred them to finished goods.Required: compute for the27.Manufacturing cost28.Manufacturing overhead included in work-in-process inventory during May 2013 ifWork-in-process inventory had an ending balance of P59,600 and a beginningbalance of P18,900.?
ACCT 1A&B: Fundamentals of AccountingBCSVPage8of14BA1 – 2010PROBLEM N:CASE ICASE IICASE IIISalesP9,300?P112,000Direct material used1,200?18,200Direct labor?4,900Prime cost3,700?Conversion cost4,8008,20049,300Factory overhead??17,200Cost of goods manufactured6,20014,000Beg. Work-in-process5009005,600End Work-in-process?1,2004,200Beg. Finished goods?1,9007,600End Finished goods1,200?Cost of goods sold?12,20072,200Gross margin3,500??????

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