A partial listing of costs incurred at tops Corporation during March appears below:
|
Direct materials |
$ |
171,000 |
|
Utilities, factory |
$ |
10,000 |
|
Sales commissions |
$ |
69,000 |
|
Factory supervisor salary |
$32,000 |
|
|
Administrative salaries |
$ |
99,000 |
|
Indirect materials |
$ |
32,000 |
|
Advertising |
$ |
85,000 |
|
Depreciation of production equipment |
$ |
28,000 |
|
Direct labor |
$ |
124,000 |
|
Depreciation of administrative equipment |
$ |
49,000 |
Required:
What is the total amount of product cost listed above?
Product Cost is the cost related to the production of a product or service. It consists Direct Material, Direct Labor and Manufacturing Overhead.
Calculations for the total amount of product Cost:-
Product Cost:-
| Description | Amount | Amount |
|---|---|---|
| Direct Material | $171,000 | |
| Direct Labor | 124,000 | |
| Manufacturing Overhead:- | ||
| Utilities, Factory | $10,000 | |
| Factory Supervisor salary | 32,000 | |
| Indirect Material | 32,000 | |
| Depreciation of Production Equipment | 28,000 | |
| Total Manufacturing Overhead | $102,000 | |
| Total Product Cost | $397,000 | |
So the Amount of the total Product Cost listed above is $397,000.
A partial listing of costs incurred at tops Corporation during March appears below: Direct materials $...
A partial listing of costs incurred at Taz Corporation during March appears below: Direct materials $ 171,000 Utilities, factory $ 10,000 Sales commissions $ 69,000 Factory supervisor salary $32,000 Administrative salaries $ 99,000 Indirect materials $ 32,000 Advertising $ 85,000 Depreciation of production equipment $ 28,000 Direct labor $ 124,000 Depreciation of administrative equipment $ 49,000 Required: What is the total amount of period cost listed above?
Question 2: A partial listing of costs incurred at Boylen Corporation during March appears below: Direct materials. Utilities, factory. Sales commissions ...... Administrative salaries. Indirect labor....... Advertising Depreciation of production equipment......... Direct labor.. Depreciation of administrative equipment ..... $181,000 $10,000 $69,000 $99,000 $32,000 $75,000 $28,000 $120,000 $49,000 Required: a. What is the total amount of product cost listed above? Show your work b. What is the total amount of period cost listed above? Show your work Ans: a. Product costs...
A partial listing of costs incurred at Gilhooly Corporation during September appears below: Direct materials Utilities, factory .............. Administrative salaries ............... Indirect labor ...... Sales commissions Depreciation of production equipment ........... Depreciation of administrative equipment ....... Direct labor..... Advertising. $183,000 $9,000 $90.000 $25,000 $33,000 $25,000 $32.000 $124.000 $148,000 The total of the manufacturing overhead costs listed above for September is: O$59,000 O $34,000 $366,000 0 $669,000
13. A partial listing of costs incurred at Ben Broke Corporation during November appears below: Direct Materials Utilities - Factory Administrative Salaries Indirect Labor Sales Commission Depreciation of Production Equipment Depreciation of Administrative Equipment Direct Labor Advertising $157,000 $6,000 $99,000 $25,000 $54,000 $46,000 $30,000 $114,000 $61,000 The total actual manufacturing overhead cost included above for November is: A) $77,000 B) $592,000 C) $348,000 D) $31,000
A partial listing of costs incurred during March at Febbo Corporation appears below. $ 9,000 $ 85,000 $126,000 $ 30,000 $ 33,000 Factory supplies Administrative wages and salaries Direct materials Sales staff salaries Factory depreciation Corporate headquarters building rent Indirect labor Marketing Direct labor $ 43,000 $ 26,000 $ 65,000 $ 99,000 The total of the product costs listed above for March is: Multiple Choice 0 $223,000 0 $516,000 $68.000 $293,000
A partial listing of costs incurred during March at Febbo Corporation appears below: $ 19,000 Factory supplies $ 85,000 Administrative wages and salaries Direct materials $ 126,000 Sales staff salaries $ 30,000 Factory depreciation $ 33,000 Corporate headquarters building rent $ 43,000 Indirect labor $ 36,000 Marketing $ 65,000 Direct labor $ 99,000 The total of the manufacturing overhead costs listed above for March is: O $313,000 O $233,000 O $88,000 O $235.000
A partial listing of costs incurred during September at Whitney Corporation appears below: Factory supplies $ 9,000 Administrative wages and salaries $ 85,000 Direct materials $ 126,000 Sales staff salaries $ 30,000 Factory depreciation $ 33,000 Corporate headquarters building rent $ 43,000 Indirect labor $ 26,000 Marketing $ 65,000 Direct labor $ 99,000 The total of the product costs listed above for September is: $223,000 $68,000 $293,000 $516,000
d. $223,000 2. A partial listing of costs incurred during March at Febbo Corporation is listed above. The total of the period costs listed above for March is: a. $68,000 b. $293,000 c. $291,000 d) $223,000 Factory supplies Administrative wages and salaries Direct materials Sales staff salaries Factory depreciation Corporate headquarters building rent Indirect labor Marketing Direct labor $ 9,000 $ 85,000 $126,000 $ 30,000 $ 33,000 $ 43,000 $ 26,000 $ 65,000 $ 99,000
A list of costs incurred at Wonderful Corporation during August appears below: Direct materials Utilities, factory Administrative salaries Depreciation of a finished product warehouse Sales commissions Depreciation of production equipment Depreciation of administrative equipment Direct labor Advertising $ $ $ $ $ $ $ $ $ 113,000 5,000 81,000 25,000 48,000 20,000 30,000 129,000 135,000 The total of the product costs listed above for Augustis: Multiple Choice $267.000 $322 $292,000 $242,000
part a , b , c
4. A partial listing of costs incurred during December at Kinder Corporation appears below. $9,000 Factory supplies .......... Administrative wages and salaries...... $125,000 Direct materials ........................ $163.000 Sales staff salaries ....... .... ... $68,000 -Factory depreciation ..................... $63,000 Corporate headquarters building rent - 534,000 Indirect Labor ........................ Marketing ...... . . . - Direct Labor .............................. $28.000 ** . $32,000 ............................ $153,000 Part A: The total of the period costs listed above for December...