Total manufacturing costs

Assignment Help Managerial Accounting
Reference no: EM13878571

The following balances are from the accounts of Hill Components: 

2347_269-B-M-A-C-B (659).png

Direct materials used during the year amount to $59,800, and the cost of goods sold for the year was $68,900.

Required:
Find the following by completing a cost of goods sold statement:
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during theyear.

Reference no: EM13878571

Questions Cloud

Probability distributions of expected future returns : Stocks X and Y have the following probability distributions of expected future returns: Probability X Y 0.1 -14% -35% 0.2 3 0 0.3 16 22 0.3 22 27 0.1 39 40. Calculate the expected rate of return, rY, for Stock Y (rX = 14.50%.)
Suppose that a company wants to upgrade its legacy system : Suppose that a company wants to upgrade its legacy system, but cannot afford to completely replace it. Describe two approaches that can be used.
Zero coupon bond issue that matures-value of risk-free bond : McLemore Industries has a zero coupon bond issue that matures in two years with a face value of $39,000. The current value of the company’s assets is $22,200, and the standard deviation of the return on assets is 50 percent per year. Assume the risk-..
Why might it be important to have internal documents : Why might it be important to have internal documents produced as an output of the accounting information system?
Total manufacturing costs : Direct materials used during the year amount to $59,800, and the cost of goods sold for the year was $68,900.
What is the expected return for the overall stock market : Assume that the risk-free rate is 5% and the market risk premium is 7%. What is the expected return for the overall stock market?
How do internal reports differ from external reports? : How do internal reports differ from external reports?
Make a recommendation : You are a systems architect and are asked by your manager to write a 4-page essay explaining to the company CTO (Chief Technology officer) the different types of computer system architectures available to choose from and to make a recommendation what..
Calculate stocks expected return-coefficient of variation : A stock's returns have the following distribution: Demand for the Company's Products Probability of This Demand Occurring Rate of Return If This Demand Occurs Weak 0.1 -20% Below average 0.1 -15 Average 0.4 12 Above average 0.3 32 Strong 0.1 50 1.0. ..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Activity-based costing: hampstead company

Hampstead company's order entry department has 20 order entry operators. The cost associated with these 20 operators (salaries, fringe benefits, and supervision, as well as occupancy and equipment costs) is $873,600 per year.

  What is the incremental benefit to the company

What is the incremental benefit (cost) to the company of sugar-coating the peels rather than selling them in their condition at the split-off point and What is the incremental benefit (cost) to the company of pasteurizing and packaging a pint of j..

  Determine the number of units and dollars

Determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a target profit of $5,000 a month.

  Prepare a production report for the six months

Prepare a Production Report for the six months ended 30 June 2013 for Melody Instruments Co, Ltd - Estimated annual overhead and direct labour costs for 2013 are $150,000 and $200,000 respectively.

  What is measure of complexity is the number of tiers in cake

Assuming that the company charges $556.96 for the Smith wedding cake, what would be the overall margin on the order?

  Cash conversion cycle-operating cycle

Calculate the firm's cash conversion cycle. Calculate the firm's operating cycle Calculate the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days.

  Calculating break even in units

A company has fixed costs of $5000. Sales for 600 units have been made. The budgeted unit details are-What is the cost of the materials used in process 2 during the month?

  Compute the companys depreciation expense

Compute depreciation for 20X3 - 20X7 by using the following methods: straight line, units of output, and double-declining-balance and management shortened the remaining service life of the machine to 20 months. Assuming use of the straight-line met..

  Fixed overhead standard cost variances

Compute the predetermined fixed overhead application rate that would be used in March. Compute the number of machine hours that would be allowed for actual March production. Compute the fixed overhead applied to work in process during March.

  Fixed- and variable- cost pools

Suppose one predetermined rate per copy was used to allocate all photocopy costs. What rate would be used and how much cost would be allocated to the Public Works Department in August?

  Calculate the present value of the cost of the mpa

Calculate the Present Value of salary differential for completing the certification program. Subtract thecost of the program to get the NPV ( net present value) of undertaking the certification program and how much will her monthly instalments be i..

  Sensitivity analysis-profit target

Calculate the number of gizmos required to break even under present price and cost conditions. Calculate how many units would have to be sold to meet the profit target for each of the suggested options

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