Homework Answers
Part 1)
The correct answer is
$ 229412
Caluclation
Direct Labour costs
= Ending work in process + cost of goods manufactured - overheads applied - direct material - beginning wip
= 120000+420000- 70% of Direct labour costs - 50000 - 100000
1.7 Direct labour costs = 390000
Direct labour costs = 390000/1.7
= $ 229412
Part 2)
The correct answer is
$ 205000
Period Costs
= Research costs + design costs + marketing + distribution + customer services
= 53000 + 17000 + 42000 + 58000 + 35000
= $ 205000
Part 3)
The correct answer is
$ 97000
Calculation
Operating income
= Sales - cost of goods sold - selling expenses
= 262000 - (33000+92000-35000) - 75000
= $ 97000
Part 4)
The correct answer is
$ 90000
Calculattion
Cost of goods sold
= beginning inventory + purchases - ending inventory
= 33000+92000-35000
= $ 90000
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