Managerial Accounting Quiz 1 Essay

Category: Administration,
Published: 24.10.2019 | Words: 319 | Views: 221
Download now

1 . Complete the response sheet beneath by inserting an “X” under every single heading that identifies the cost involved.

The “Xs” can be placed under several heading for just one cost. (5 Points) By X X X Promoting costs X X installment payments on your A partial report on costs incurred at Rust Corporation during August looks below: Purchases of uncooked materials……… money 135, 000 Direct labor……… 73, 1000 Factory Utilities………………………………………………. 11, 1000 Sales Commissions…………………………………………… 69, 1000 Administrative Salaries……………………………………….. 101, 500 Indirect Labor………………………………………………… 89, 500 Depreciation of Production Equipment……………………….

Need help writing essays?
Free Essays
For only $5.90/page
Order Now

18, 000 Indirect Materials……………………………………………… 10, 500 Depreciation of Office Backup Machine……………………….. five, 000 Recycleables inventory, beginning……… 97, 000 Raw materials inventory, ending……… 84, 000 Operate process inventory, beginning……… 39, 000 Work in process inventory, ending……… 52, 000 Completed goods products on hand, beginning……… 106, 000 Done goods products on hand, ending……… 71, 000 a. Prepare a Schedule of Cost of Goods Manufactured in good type. (3 Points) Direct Labor: 73, 500 Manufacturing Overhead: 118, 000 b. Compute the Cost of Items Sold. (2 Points) Cost of goods distributed $361, 1000 Managerial Acctg Quiz two – Fall season 2012 NAME__ _______________________ Task A Job M Job C Job D Direct Materials$ 135, 500 $ 129, 000 bucks 98, 000 $ 103, 000 Direct Labor money 80, 1000 $ 85, 000 $ 63, 500 $ 68, 000 Equipment Hours doze, 000 13, 000 eight, 000 18, 000 Quantity of Units 40 35 sixty Required: (5 points) c. Assuming that Careers A, N, and M were completed during the year, compute the total cost charged with each job as well as the unit cost of the product created. d. Figure out the balance in Work In Process at the end in the year. 161, 000 installment payments on your Elton Company uses the weighted-average technique in its process costing program.

The company adds materials at the beginning of the process in Department M. Conversion costs were 75% complete with esteem to the four, 000 models in work in process at May one particular and 50 percent complete with esteem to the six, 000 devices in work in process for May 23. During May well, 12, 1000 units were completed and transferred to another department. A great analysis with the costs concerning work in method at May well 1 and also to production activity for Might follows: Needed: