The following information is departmental cost allocation with two service departments and two production departments.

REQ1. What is the amount of service department cost allocated to P1 and P2 using the direct method?

REQ2. What is the total cost in P1 and in P2 after allocation using the direct method?

REQ3. What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?

REQ4. What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $100,000 to $120,000?

During 2021, its first year of operations, XYZ Company produced 25,000 units and sold 19,000 units. During 2022, XYZ Company produced 30,000 units and sold 32,000 units. The following information was taken from XYZ's accounting records for 2021 and 2022: 2021 2022 Direct materials cost per unit ............ $18 $17 Direct labor cost per unit ................ $16 $21 Variable overhead cost per unit ........... $7 $9 Variable selling & admin cost per unit .... $4 $6 Fixed overhead (total cost) ............... $105,000 $144,000 Fixed selling & admin (total cost) ........ $88,000 $96,000 Assume the selling price of XYZ Company's product was $64 per unit for both years. Calculate XYZ Company's 2022 cost of goods sold using variable costing. Assume XYZ Company employs a weighted average inventory cost flow assumption.

X Company manufactures dartboards. Its standard cost information follows:

X company has the following actual results for the month of September:

Required:
1. Calculate the direct materials price, quantity, and total spending variances for the company.
2. Calculate the direct labor rate, efficiency, and total spending variances for the company.
3. Calculate the variable overhead rate, efficiency, and total spending variances for the company.

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Barley Hopp had the following actual results last year:

Required:
1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp.
2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.

Statement of cost of goods manufactured for a manufacturing company

Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

1. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar.

   Johnstone Manufacturing Company
   Statement of Cost of Goods Manufactured
   For the Month Ended March 31
   					$
   Direct materials:
   	$
   	$
   			$
   Factory overhead:
   	$
   Total factory overhead
   Total manufacturing costs incurred during March
   Total manufacturing costs					$
   Cost of goods manufactured					$

2. Determine the cost of goods sold for March. Round your answer to the nearest dollar.

   $

Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered.

Projected sales in units: 1,690 cases

Selling price per case: $240

Inventory at the beginning of the quarter: 150 cases

Target inventory at the end of the quarter: 100 cases

Direct labor hours needed to produce one case: 2 hours

Direct labor wages: $10 per hour

Direct materials cost per case: $8

Variable manufacturing overhead cost per case: $6

Fixed overhead costs for the upcoming quarter: $220,000

a. Using the above information, develop Mercury's sales forecast in dollars and production schedule in units.

Budgeted Sales( in dollars ): ________

Planned Production ( In cases ): _______

b. What is Mercury's budgeted variable manufacturing cost per case?

Total variable cost per case: _______

c. Prepare Mercury's manufacturing cost budget.

Variable Manufacturing costs:

_______

_______

_______

_______

Total variable manufacturing costs: ____

Total cost of finished goods manufactured: ______

d. What is the projected ending value of the Inventory account?

A supplier to your company has offered you a reduced price per unit on a component if you agree to purchase the component in higher order quantities.? Currently, you order 8,000 units each time an order is placed for the? component, and you pay ?$7.00 per unit. Your ordering costs are estimated to be ?$72 per order regardless of the order size. Transportation costs are estimated to be ?$0.30 per unit. Your cost to hold a component part in inventory is estimated at 22% annually based on the cost of the purchased item. The supplier has offered you a cost of ?$5.80 per unit if you increase your purchasing quantity to 12,000. ?Currently, your company purchases 101,000 of these components? annually, and this total demand is expected to remain constant for the foreseeable future. Should you continue with your current? policy, or should you take the incentive offered by the? supplier?

A. The total landed cost with the order quantity size of 8,000 units is?

B. The total landed cost with the bulk ordering quantity of 12,000 units is?

C. Based on the landed cost tradeoff? calculations, the company should choose the?

Sticky Wickets manufactures Cricket Bats. In May 2010 the budgeted sales and production were 19,000 bats and the standard cost card is as follows:
                                                                                                             Std Cost                                          Std Cost
Material (2kgs @ $5/kg)                                                                         10
Labour (3 hrs at $12/hr)                                                                         36
Overheads (3 hrs @ $1/hr)                                                                     3
Marginal Cost                                                                                                                                                  49
Selling Price                                                                                                                                                    68
Contribution                                                                                                                                                     19
Total fixed costs in the period were budgeted at $100,000 and were absorbed on the basis of labour hours worked.

In May 2010 the following results were achieved.

40,000kg of wood were bought at a cost of $196,000, this produced 19,200 cricket bats. No inventory of raw materials is held. The labour was paid for 62,000 hours and the total cost was $694,000. Labour worked for 61,500 hours.

Variable overheads in the period were $67,000.

The sales price was reduced to protect the sales levels. However, only 18,000 cricket bats were sold at an average price of $65.

Total fixed costs in May were $107,000.

Required : Calculate the sales, materials, labour, variable overheads, fixed overheads variances and any other appropriate variances in as much detail as possible.

Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $236,400 $217,370 Work in process 490,700 574,550 Finished goods 659,900 693,310 Direct labor $3,940,000 Materials purchased during March 3,001,370 Factory overhead incurred during March: Indirect labor 360,220 Machinery depreciation 236,400 Heat, light, and power 197,000 Supplies 39,280 Property taxes 33,770 Miscellaneous costs 51,450 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 $ Direct materials: $ $ $ Factory overhead: $ Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs $ Cost of goods manufactured $ Determine the cost of goods sold for March. Round your answer to the nearest dollar.