Homework Answers
| Product | Quantity | Year 1, (base year) | Year 5, (Obs year) | Quantity*obs cost | Quantity*Base cost |
| A | 2500 | 10.50 | 15.90 | 2500*15.9 = 39750 | 2500*10.5 = 26250 |
| B | 5000 | 16.25 | 32.00 | 5000*32 = 160000 | 5000*16.25 = 81250 |
| C | 7000 | 12.20 | 16.40 | 7000*16.4 = 114800 | 7000*12.2 = 85400 |
| D | 2500 | 20.00 | 35.50 | 2500*35.5 = 88750 | 2500*20 = 50000 |
| Total | 403300 | 242900 |
Price index = 403300/242900 *100 = 166.0354 = 166
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A certain manufacturing company has the following data on quantities shipped and unit costs for each...
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5,000
8,000
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8,000
4,000
Total manufacturing costs
16,000
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Ending work in process inventory
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1,400
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Today
One Year Two Years Three Years Four Years Five Years Six Years
Seven Years Eight Years Nine Years Ten Years
Salvage Value
$20,000 $10,000 $5,000 $2,500 $1,000 $500 $250 $0.00 $0.00 $0.00
$0.00
Annual MX Cost
$1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000
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two different cases are as follows.
(a)
Indicate the missing amount for each letter.
Case
1
2
Direct materials used
$9,600
$
Direct labor
5,000
8,000
Manufacturing overhead
8,000
4,000
Total manufacturing costs
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Beginning work in process inventory
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Ending work in process inventory
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Sales discounts
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1,400
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17,000
22,000
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Goods available for sale
20,000
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Seven Years Eight Years Nine Years Ten Years
Salvage Value
$20,000 $10,000 $5,000 $2,500 $1,000 $500 $250 $0.00 $0.00 $0.00
$0.00
Annual MX Cost
$1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000
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