User Account

All Pages

Calculate total product costs for units manufactured

Assignment Help Accounting Basics
Reference no: EM132634800

Question - Given the following information for Dorttmund Corporation:

Advertising costs 320,000

Office rent 240,000

Direct materials 800,000

Delivery vehicle depreciation 90,000

Factory repair and maintenance 420,000

Sales salary 510,000

Indirect labor 220,000

Manufacturing equipment depreciation 180,000

Administrative salaries 360,000

President's salary 700,000

Sales revenue 5,200,000

Indirect materials 190,000

Direct labor1,500,000

Machine hours 2,000

Direct Labor hours 10,000

Machine hours per unit 3

Direct labor hours per unit 6

Direct materials per unit ?

Units manufactured 500

Units sold 350

Required -

1. Identify (list) and total period costs.

2. Calculate overhead per unit based on machine hours.

3. Calculate total product costs for units manufactured.

4. Calculate total cost of goods sold.

Please show calculation for understanding purpose.

Reference no: EM132634800

Questions Cloud

Calculate each of the stock expected return and risk : Assume you are a portfolio manager at JS Global Capital Ltd. Calculate each of the stock's expected return and risk (beta) as compared to the market.
What is the standard deviation of the rate of return : c. What is the standard deviation of the rate of return on your client's portfolio?
Prepare the journal entries to record transaction : Prepare the journal entries to record this transaction by Soda Ltd for the year ended 30 June 2019 for 01/03/19, 15/03/19 & 15/04/19
Does the organization that you work for receive revenue : Does the organization that you work for receive revenue after services are delivered or before? Why do you think this is? What grouping of revenue do you.
Calculate total product costs for units manufactured : Question - Given the following information for Dorttmund Corporation: Calculate total product costs for units manufactured
How allocate the expense of mothballing : Accountants Ana Alicia and Ed Bradley argue whether it is better to allocate the expense of mothballing over the next 20 years or ignore it until mothballing
Find out annual payment-big brothers : Big Brothers, Inc. borrows $414,162 from the bank at 8.27 percent per year, compounded annually, to purchase new machinery
Post to the estimated warranty payable T-account : Toyota, the car manufacturer, guarantees its vehicles for three years or 100,000 kilometres, Post to the estimated warranty payable T-account
Total expected volatility in the investment returns : Calculate the minimum rate of return you would require from the investment. Explain whether you should proceed and buy the stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the range of maintenance costs

What is the range of maintenance costs? What is the standard deviation? About 95% of the maintenance costs are between what two values?

  Problem on annual depreciation expense

A machine cost $80,000, has annual depreciation expense of $16,000, and has accumulated depreciation of 40,000 on December 31. On April 1,2011 when the machine was fair value of 32,000, it is exchanged for a similar machine with a fair value of 96..

  Identify the responsibilities of the pcaob

Identify the responsibilities of the PCAOB. How does the inspection process performed by the PCAOB affect the practice of external auditing?

  How is the ending balance of ar from customer

In testing the accuracy of the AR balance of $82,000. How is the ending balance of AR from customer of $124,000 calculated

  Why will the traditional lifo inventory costing method

Why will the traditional LIFO inventory costing method and the dollar-value LIFO inventory costing method produce different inventory valuations if the composition of the inventory base changes?

  What is the auditor''s responsibility

What is the auditor's responsibility if, in using the Codification, the auditor believes that an item in the financial statements should be accounted for differently under the Codification than under pre-Codification U.S. GAAP

  What amount should benton accrue for this gain contingency

In the opinion of Benton's attorney, Pogo's appeal will be denied. At December 31, 2018, what amount should Benton accrue for this gain contingency

  Provide detailed instructions as to how you completed task

Provide detailed instructions as to how you completed the task. 350-500 words of speaker notes per slide detailing how the set-up process is completed.

  Explain arbitrage

Given that governmental accounting, Explain arbitrage and what can government entities do to remain in compliance with the IRS on the issue of arbitrage?

  On nov 1 2010 banana corporation management decided to

on nov. 1 2010 banana corporation management decided to discontinue operation of its rocketeer division and approved a

  Calculate Weighted Average Cost of Capital

The company tax rate is 28%. Amix Lit uses CAPM to calculate cost of equity. Calculate their Weighted Average Cost of Capital

  Discuss september net of social security and medicare taxes

September net of Social Security and Medicare taxes. What journal entry would be made on September 30 for wages owed to Cindy

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd