Case Study I Solution The following campana items atomic number 18 needed before a schedule of address of goods manufactured can be prepared: Materials make drop ofd in production: Prime make ups 545,000 Less calculate tote appeal 220,000 organise Materials Cost 325,000 Manufacturing operating cost Cost: site Labor Cost/ Percentage of mutation Cost: 220000/.35 locomote to nearest dollar( this is total conversion deal to) 100%-65% = 35% Conversion Cost 628,571 Less Direct Labor Cost 220,000 Manufacturing Overhead628571*.65 408,571 Cost of Goods manufacture: Cost of Goods serviceable for barter 1,020,000 Less: finished goods inventory, beginning 35,000 Cost of Goods Manufactured 985,000 The easiest appearance to proceed from this point is to place all of the amounts that are cognise in a partially completed schedule of cost of goods manufactured and a partially completed income statement. so involve in the m issing amounts by analyzing the available data.
Direct Materials: cutting Materials Inventory, beginning 41,000 Add: Purchases of affectionate Materials 325,000 Raw Materials easy for use 366,000 Deduct: Raw Materials inventory, ending 41,000 Raw Materials employ in Production ( See above) 325,000 Direct Labor Cost 220,000 Manufacturing Overhead Cost (See Above) 408,571 Total Manufacturing Costs 953,571 Add: go away in make inventory, beginning 56,000 1,009,571 Deduct: Work in Process inventory, ending 24,571 Cost of Goods Manufactured 985,000 Therefore, A is Raw Materials Available for Use 366,! 000 Less: Raw Materials Used in Production...If you necessitate to get a full essay, order it on our website: OrderCustomPaper.com
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