Solution-Find for the cost of goods sold for the period

Find for the cost of goods sold for the period

Assignment Help Cost Accounting

Reference no: EM132706577

The following information was taken from the records of Blue Company for the current month:

Production in units, 25,000

Raw materials used, P =500,000 of which P =50,000 is indirect

Factory labor hours utilized, 2,000 hours. This includes 200 hours worked as overtime. The regular rate is P =50 per hour and the overtime premium is 30%.

Factory overhead applied to the job is P =2 per unit plus P =80,000 per month

Selling expenses, P =1 per unit plus P =65,000 per month

Administrative expenses, P =2 per unit plus P =80,000 per month

Sales for the current month, 22,000 units at 40% mark-up on costs.

Question 1: Compute for the cost of goods sold for the period.

Question 2: Compute for the net income or loss from operation.

Reference no: EM132706577

Questions Cloud

How do calculate post-tax weighted average cost of capital : How do Calculate the post-tax weighted average cost of capital (WACC) for Minelli Enterprises Ltd using the market valuation approach (show all workings).

What applications of crispr look particularly promising : What applications of CRISPR look particularly promising for improving human well-being? Justify your response.

Do you see principled versus political motives : Traditional theories of judicial review hold that neutral or principled grounds are the only legitimate bases for judicial decisions and reject political.

What is the genotypic ratio of the f2 : Two parents are crossed; one is red petaled, the other is blue petaled and all the offspring are purple.

Find for the cost of goods sold for the period : Blue Company for the current month, Compute for the cost of goods sold for the period. Compute for the net income or loss from operation.

How do international and transnational crime differ : How do international and transnational crime differ? Utilizing the USDOJ website, in addition to the Internet, and/or a major newspaper.

Discuss about american criticism of malaysian justice : Why do you believe Malaysia is very sensitive about American criticism of Malaysian justice? Could other countries be critical of aspects of American justice?

What should be dan order quantity : What should be Dan's order quantity if he wants to ensure a 99% service level? What is the quantity that Dan should order, to maximize his expected profits now?

Frequency of the blue allele in the population : Dr. Martin Brenner and his team have built a space ship which can travel at the speed of light (186,000 miles per second) and travel to parallel dimensions

User Account

All Pages

Find for the cost of goods sold for the period

Reference no: EM132706577

Reference no: EM132706577

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT