Cocoa Confections provides you with the following information for the most recent year of operations. The firm informs you that manufacturing overhead equals 150% of direct labor costs.

Direct materials beginning inventory ………………………………….$90,000

Direct materials ending inventory ……………………………………. $75,000

Beginning WIP inventory ……………………………………………. $80,000

Ending WIP inventory ………………………………………………. $100,000

Beginning FG inventory ……………………………………………. $125,000

Ending FG inventory ……………………………………………….. $175,000

Direct materials issued to production ………………………………. $200,000

Total manufacturing costs charged to production

= direct materials issued to production

+ direct labor cost + manufacturing overhead. ………………………$900,000

Revenues …………………………………………………………… $1,250,000

Selling and Administrative costs …………………………………….$265,000

Required:

Calculate

a. The cost of direct materials purchased.

b. Direct labor costs.

c. Manufacturing overhead costs.

d. Prime costs.

e. Conversion costs.

f. Cost of goods manufactured.

g. Cost of goods sold.

Cocoa Confections provides you with the following information for the



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