Question

In: Accounting

Sales $76,500 Cost of direct materials used in production 7,300 Depreciation on factory equipment 4,700 Indirect...

Sales

$76,500

Cost of direct materials used in production

7,300

Depreciation on factory equipment

4,700

Indirect labor

5,900

Direct labor

10,500

Factory rent

4,200

Factory utilities

1,200

Sales salaries expense

15,600

Office salaries expense

8,900

Indirect materials

1,200

Compute product costs

Compute period costs

Solutions

Expert Solution


Related Solutions

the Darwin company reports the following information: sales 76500 direct materials used.     7300 depreciation on factory...
the Darwin company reports the following information: sales 76500 direct materials used.     7300 depreciation on factory equipment 4700 indirect labor.    5900 direct labor.        10500 factory rent.        4200 factory utilities.   1200 sales salaries expense.   15600 office salaries expense.      8900 indirect materials.   1200 product costs are 30300 24500 35000 29200
As a factory transform their production to automated production, will the direct materials costs increase or...
As a factory transform their production to automated production, will the direct materials costs increase or decrease? Why?
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard CostsActual CostsDirect materials251,600 lbs. at $5.40249,100 lbs. at $5.20Direct labor18,500 hrs. at $17.3018,930 hrs. at $17.70Factory overheadRates per direct labor hr.,based on 100% of normalcapacity of 19,310 directlabor hrs.:Variable cost, $4.80$87,910 variable costFixed cost, $7.60$146,756 fixed costEach unit...
Direct Materials Variances The following data relate to the direct materials cost for the production of...
Direct Materials Variances The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 57,600 lbs. at $1.7 per lb. Standard: 56,400 lbs. at $1.65 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance $ Direct Materials Quantity Variance $...
Direct Materials Variances The following data relate to the direct materials cost for the production of...
Direct Materials Variances The following data relate to the direct materials cost for the production of 2,200 automobile tires: Actual: 56,600 lbs. at $1.95 per lb. Standard: 54,900 lbs. at $1.90 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance $ Direct Materials Quantity Variance $...
Direct Materials Variances The following data relate to the direct materials cost for the production of...
Direct Materials Variances The following data relate to the direct materials cost for the production of 2,400 automobile tires: Actual: 57,900 lbs. at $1.7 per lb. Standard: 56,700 lbs. at $1.75 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance $ Direct Materials Quantity Variance $...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost The budget director of Royal British Furniture...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost The budget director of Royal British Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales of William and Kate chairs for March by sales territory: Eastern Domestic: William 7,500 units at $800 per unit Kate 6,000 units at $650 per unit Western Domestic: William 6,000 units at...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales for March by sales territory: Maine:   Backyard Chef 350 units at $800 per unit   Master Chef 200 units at $1,400 per unit Vermont:   Backyard Chef 400 units at $825 per unit   Master...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales for March by sales territory: Maine:   Backyard Chef 350 units at $800 per unit   Master Chef 200 units at $1,400 per unit Vermont:   Backyard Chef 400 units at $825 per unit   Master...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill...
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales for March by sales territory: Maine:   Backyard Chef 350 units at $800 per unit   Master Chef 200 units at $1,400 per unit Vermont:   Backyard Chef 400 units at $825 per unit   Master...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT