Identify what is the cost of goods manufactured

Assignment Help Cost Accounting
Reference no: EM132717693

Durian Company has the following data on April 30, 2008:

April manufacturing overhead P30, 101.80

Decrease in ending inventories:

Materials P2, 430. 00

Goods in process P590. 00

Increase in ending inventory

Finished Goods P1, 320.40

Problem 1. The manufacturing overhead amounts to 50% of the direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing. All materials are purchased FOB shipping point

What is the cost of goods manufactured?

a. P180, 610. 80

b. P182, 300. 00

c. P181, 200. 80

d. P183, 200. 80

Reference no: EM132717693

Questions Cloud

Counterarguments for thomas aquinas : What are some counterarguments for Thomas Aquinas five proofs that God existed? Why would these counterarguments fail?
Compute what are financial statement effects of transaction : Compute What are the financial statement effects of this transaction if receivable is viewed as sold, and receivable is viewed as providing
What is the paradox of hedonism : What is Hedonism and what is the paradox of hedonism?
IP address allocation plan : IP address allocation plan - Addressing and the whole network has to be re-addressed and IP address requirement for each sub-network
Identify what is the cost of goods manufactured : Identify What is the cost of goods manufactured? The manufacturing overhead amounts to 50% of the direct labor, and the direct labor and manufacturing overhead
Combination of hedonism and consequentialism : How is classical act utilitarianism a combination of hedonism and consequentialism?
Determine what the total cost of job order no is : Twenty hours of direct labor services. Job no. 210 was the only job completed during the third week. The total cost of Job Order No. 210 is
Explain situations the auditor needs to use work of others : Explain situations the auditor needs to use the work of others. Please also state the relevant standards in your explanation. The response must be typed.
Problem for pluralistic ethical theories : Explain why moral contradiction is a problem for pluralistic ethical theories.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Estimate the total variable electricity costs

Estimate the total variable electricity costs and fixed electricity costs if 4,800 machine hours are projected to be used next month.

  What happens to the cash account of each entity

Create a list of all of the entities that are mentioned in the description and describe what happens to the cash account of each entity that you identified in Requirement a.

  Functions of demand and cost of a firm

From the following given functions of demand and cost of a firm: Q=500-20P TC=18Q + 6Q² - 0.10Q³. Would you confer if the firm operating/running in the short ru

  Set product price for the current year

Your job is to provide management with multiple (three or more) cost calculations that could be used to set product price for the current year (2005) and to explain/justify the amounts you calculate. You are to calculate cost, not to suggest the sell..

  Describe how to avoid making suboptimal decisions

When cost-based transfer pricing is used between subunits of a large organization, describe how to avoid making suboptimal decisions

  Find out abnormal loss units

Closing work-in-Progress - 1,000 units. Normal scrap is 10% of total input. Finished units transferred to next process - 7,800. Find out abnormal loss units.

  What can you conclude from these ratios

Calculate the 2013 profit margin, basic earning power (BEP), return on assets (ROA), and return on equity (ROE). What can you say about these ratios?

  What is the cost of materials handling per computer keyboard

Electronics Unlimited uses activity-based costing to allocate all manufacturing conversion costs. Electronics Unlimited produces computer keyboards.

  How brooklyn cycles could achieve improved costing accuracy

Calculate manufacturing overhead rates that would be applied to bicycles produced using activity-based costing, and explain how Brooklyn Cycles could achieve improved costing accuracy.

  Compute the per-unit manufacturing cost for job

Compute the predetermined overhead rate. Using the predetermined rate, compute the per-unit manufacturing cost for Job 330.

  Find the difference between budgeted and adjusted costs

Calculate the budgeted departmental costs. Calculate the adjusted departmental cost. Find the difference between budgeted and adjusted costs.

  What is the total cost to be accounted for

Base your answer on the data from Paxton, Inc. for March.  Paxton uses the average costing method.

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!

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