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PR Week 1 - Teuku Aldefa Angkasa

The document provides financial information for a manufacturing company, including: 1) Direct materials, direct labor, overhead, and conversion costs for the year totaling $712,000 with beginning and ending WIP of $124,000 and $130,000 respectively, resulting in a cost of goods manufactured of $706,000. 2) Cost of goods sold for the year was $708,000 with beginning and ending finished goods inventory of $84,000 and $82,000. 3) The company's income statement for the year showed sales of $1,200,000, COGS of $708,000, gross margin of $492,000, and operating expenses of $369,800

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51 views3 pages

PR Week 1 - Teuku Aldefa Angkasa

The document provides financial information for a manufacturing company, including: 1) Direct materials, direct labor, overhead, and conversion costs for the year totaling $712,000 with beginning and ending WIP of $124,000 and $130,000 respectively, resulting in a cost of goods manufactured of $706,000. 2) Cost of goods sold for the year was $708,000 with beginning and ending finished goods inventory of $84,000 and $82,000. 3) The company's income statement for the year showed sales of $1,200,000, COGS of $708,000, gross margin of $492,000, and operating expenses of $369,800

Uploaded by

Teuku Aldefa
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Problem 2.

28

No
1 Direct Materials = (In Dollars)
Beginning Balance Raw Materials 124.000
Raw Material Purchases 250.000
(Ending Balance Raw Materials) 102.000
TOTAL 272.000

2. Prime Cost = (In Dollars)


Direct Materials 272.000
Direct Labor 140.000
TOTAL 412.000

3. Overhead= (In Dollars)


Depre. On Factory Equipment 45.000
Depre. On Factory Building 30.000
Factory Insurance 15.000
Factory Property Tax 20.000
Utilities for Factory 34.000
Indirect Labor Salaries 156.000
Total Overhead 300.000

Conversion Cost
Direct Labor 140.000
Overhead 300.000
TOTAL 440.000
4.
Cost of Goods Manufactured (In Dollars)
Direct Materials 272.000
Direct Labor 140.000
Overhead 300.000
Total 712.000
Beginning WIP 124.000
(Ending WIP) 130.000
COGM 706.000

Unit Product Cost (706.000/100.000) 7,06

5.
Cost of Goods Sold (In Dollars)
COGM 706.000
Beginning Balance Finished Goods 84.000
(Ending Balance Finished Goods) 82.000
708.000 COGS
6.
Income Statement (In Dollars)
Sales 1.200.000
COGS 708.000
Gross Margin 492.000
Operating Expense
Selling Expense
Utilities Sales Office 1.800
Sales Office Salaries 90.000
Sales Commission 60.000
Total Operating Expense 151.800
Administrative Expense
Depre. HQ Building 50.000
Property Tax, HQ 18.000
Administrative Salaries 150.000
Total Administrative Expense 218.000
Total Expense 369.800

Operating Income 122.200


Problem 3.32

1. Salaries, Nurses Fixed


Aides Fixed
Pharmacy Mixed
Laboratory Mixed
Depreciaton Fixed
Laundry Variable
Administration Fixed
Lease (Equipment) Fixed

2. Pharmacy
Variable Cost
Total Cost of Higher Amount - Total Cost of Lower Amount
_________________________________________________
Higher Patient Days - Lower Patien Days

(251300 - 235700) / (4500-4200)


Variable Cost = 52
Fixed Cost = 251300-(52)(4500)
17300

Laboratory
Variable Cost
Total Cost of Higher Amount - Total Cost of Lower Amount
_________________________________________________
Higher Patient Days - Lower Patien Days
(127200-120300)/(4500-4200)
Variable Cost 23
Fixed Cost = 127200-(23)(4500)
23700

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