Question

In: Accounting

arreker Company manufactures cell phones. For next year, Carreker predicts that 55,400 units will be produced,...

arreker Company manufactures cell phones. For next year, Carreker predicts that 55,400 units will be produced, with the following total costs:

Direct materials

?

Direct labor

68,000

Variable overhead

21,000

Fixed overhead

190,000

Carreker expects to purchase $122,500 of direct materials next year. Projected beginning and ending inventories are as follows:

Direct Materials Inventory

Work-in-Process Inventory

Finished Goods Inventory

Beginning

$6,000

$14,800

$38,500

Ending

$5,900

$16,800

$30,000

Carreker expects to produce 55,400 units and sell 54,700 units.

1. What is cost of goods manufactured for the year?

2. What is cost of goods sold for the year?

Solutions

Expert Solution

ekkarill92 answered 3 years ago
Next > < Previous

Related Solutions

A manager at a company that manufactures cell phones has noticed that the number of faulty...
A manager at a company that manufactures cell phones has noticed that the number of faulty cell phones in a production run of cell phones is usually small and that the quality of one​ day's run seems to have no bearing on the next day. Question: ​a) What model might you use to model the number of faulty cell phones produced in one​ day? ​b) If the mean number of faulty cell phones is 3.4 per​ day, what is the...
An article predicts that "spit," spam that is delivered via internet phone lines and cell phones,...
An article predicts that "spit," spam that is delivered via internet phone lines and cell phones, will be a growing problem as more people turn to web-based phone services. In a poll of 5500 cell phone users, 25% indicated that they had received commercial messages and ads on their cell phones. Is there sufficient evidence that the proportion of cell phone users who have received commercial messages or ads in 2004 was greater than the proportion of 0.13 reported for...
Newtel Inc. manufactures Cell phones. Last year Newtel sold 30,000 phones at $80 each. Total costs...
Newtel Inc. manufactures Cell phones. Last year Newtel sold 30,000 phones at $80 each. Total costs amounted to $1,800,000 of which $600,000 were considered fixed. In an attempt to improve its product, the company is considering replacing a component part that has a cost of $16 with a new and better part costing $26 per unit in the coming year. A new machine would also be needed to increase plant capacity. The machine would cost $100,000 with a useful life...
Mattison manufactures two products: A and B. The company predicts a sales volume of 20,000 units...
Mattison manufactures two products: A and B. The company predicts a sales volume of 20,000 units for product A and desired ending finished-goods inventory of 1,000 units. These numbers for product B are 25,000 and 3,000, respectively. Mattison currently has 7,000 units of A in inventory and 9,000 units of B. The unit selling price for A and B are $250 and $200 respectively. The following raw materials are required to manufacture these products: Raw Material Cost Per Pound Required...
Mattison manufactures two products: A and B. The company predicts a sales volume of 20,000 units...
Mattison manufactures two products: A and B. The company predicts a sales volume of 20,000 units for product A and desired ending finished-goods inventory of 1,000 units. These numbers for product B are 25,000 and 3,000, respectively. Mattison currently has 7,000 units of A in inventory and 9,000 units of B. The unit selling price for A and B are $250 and $200 respectively. The following raw materials are required to manufacture these products: Raw Material Cost Per Pound Required...
Mattison manufactures two products: A and B. The company predicts a sales volume of 20,000 units...
Mattison manufactures two products: A and B. The company predicts a sales volume of 20,000 units for product A and desired ending finished-goods inventory of 1,000 units. These numbers for product B are 25,000 and 3,000, respectively. Mattison currently has 7,000 units of A in inventory and 9,000 units of B. The unit selling price for A and B are $250 and $200 respectively. The following raw materials are required to manufacture these products: Raw Material Cost Per Pound Required...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 52,900 units will...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 52,900 units will be produced, with the following total costs: Direct materials ? Direct labor 54,000 Variable overhead 20,000 Fixed overhead 245,000 Next year, Pietro expects to purchase $121,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory Beginning $7,000 $12,900 Ending $6,900 $14,900 Next year, Pietro expects to produce 52,900 units and...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 49,300 units will...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 49,300 units will be produced, with the following total costs: Direct materials ? Direct labor 59,000 Variable overhead 21,000 Fixed overhead 190,000 Next year, Pietro expects to purchase $120,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory Beginning $5,000 $12,200 Ending $4,900 $14,200 Pietro expects to produce 49,300 units and sell 48,600...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials ? Direct labor $54,000 Variable overhead 29,000 Fixed overhead 205,000 Next year, Pietro expects to purchase $129,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory Beginning $5,000 $15,000 Ending $4,900 $17,000 Required: 1. Prepare a statement of cost of goods...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials $120,000 Direct labor 70,000 Variable overhead 35,000 Fixed overhead 220,000 Required: If required, round your answers to the nearest cent. 1. Calculate the prime cost per unit. $ per unit 2. Calculate the conversion cost per unit. $ per unit 3. Calculate the total variable cost per unit. $ per unit 4. Calculate the total...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT