its ten questions I can send screen shots to expert

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its ten questions I can send screen shots to expert
Answered Same DayMay 29, 2022

Answer To: its ten questions I can send screen shots to expert

Rochak answered on May 29 2022
88 Votes
4.
    
    
    
    Raw Materials:
    
    
    Raw materials inventory, beginning
    8700
    
    Purchases
    36700

    
    
    
    
    Raw materials available for use
    45400
    
    Less: Raw materials inventory, ending
    -10700
    
    
    
    
    Cost of raw materials used
    
    56100
    Direct labor costs incurred
    
    36700
    Manufacturing overhead applied
    
    20700
    
    
    
    Total manufacturing costs
    
    113500
    Add: Work-in process, beginning
    
    20700
    Less: Work-in process, ending
    
    -22700
    
    
    
    Cost of goods manufactured
    
    111500
5.
Cost of Goods Manufactured = Beginning Inventory + Cost of Goods Sold – Ending Inventory
= $59,500 + $141,000 - $54,500
= $146,000
6. Unit Cost (Variable Costing) = Raw Materials + Direct Labour + Unit Cost of Manufacturing overhead
= $8.40 + $11.40 + $9.40
= $29.20
Unit Cost (Absorption Costing) = Raw Materials + Direct Labour + Unit Cost of Manufacturing overhead + (Manufacturing overhead/Units)
= $8.40 + $11.40 + $9.40 + ($413,600/44,000)
= $38.6
7.
Machining Rate = Budgeted...
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