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The Cake Factory has the following information for the month of March. Prepare a (a) schedule of cost of goods manufactured, (b) an income statement...

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1. The Cake Factory has the following information for the month of March. Prepare a (a) schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) prepare only the inventory section of the balance sheet. Purchases $85,000 Materials inventory, March 1 6,000 Materials inventory, March 31 7,000 Direct labor 25,000 Factory overhead 34,000 Work in process, March 1 17,000 Work in process, March 31 18,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 23,000 Sales 235,000 Sales and administrative expenses 78,000 2. The Good News Company accumulated 460 hours of direct labor on Job 345 and 810 hours on Job 777. The direct labor was incurred at a rate of $15 per direct labor hour for Job 345 and $13 per direct labor for Job 777. Journalize the entry to record the flow of labor costs into production 3. Given the following cost and activity observations for Wondrous Company’s utilities, use the high-low method to calculate Wondrous’ variable utilities costs per machine hour. Cost Machine Hours March $3,100 15,000 April 2,700 10,000 May 2,900 12,000 June 3,500 18,000 $10.00 $.67 $.63 $.10 4. Jonus Company has fixed costs of $160,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company’s two products are provided below. Product Selling Price Variable Cost per unit Contribution Margin per unit X $180 $80 $100
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Y $100 $50 $50 The sales mix for product X and Y is 60% and 40% respectively. Determine the break-even point in units of X and Y. 5. Barrack Inc. manufactures laser printers within a relevant range of production of 50,000 to 70,000 printers per year. The following partially completed manufacturing cost schedule has been prepared: Number of Printers Produced 70,000 90,000 100,000 Total costs: Total variable costs $350,000 (d) (j) Total fixed costs 630,000 (e) (k) Total costs $980,000 (f) (l) Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) (h) (n) Total cost per unit (c) (i) (o) Complete the preceding cost schedule, identifying each cost by the appropriate letter (a) through (o).
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1. The Cake Factory has the following information for the month of March. Prepare a (a)
schedule of cost of goods manufactured, (b) an income statement for the month ended
March 31, and (c) prepare...

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