What is the total amount of manufacturing cost

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Reference no: EM132835104

Managerial Accounting Questions -

Q1. Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations follow:

Beginning raw materials inventory $340,000

Purchases of raw materials 870,000

Ending raw materials inventory 210,000

Direct labour 245,000

Manufacturing overhead 560,000

Beginning work-in-process inventory 150,000

Ending work-in-process inventory 170,000

Required - Prepare a schedule of cost of goods manufactured for the company for the month.

Q2. Last month Bims, a wedding dress retailer, had total sales of $3,000,000, selling expenses of $315,000, and administrative expenses of $385,000. The company had beginning merchandise inventory of $250,000, purchased additional merchandise inventory for $950,000, and had ending merchandise inventory of $100,000.

Required - Prepare an income statement for the company for the month in good form.

Q3. Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows:

Amount Per Unit

Direct materials $6.00

Direct labour $3.50

Variable manufacturing overhead $1.50

Fixed manufacturing overhead $4.00

Fixed selling expense $3.00

Fixed administrative expense $2.00

Sales commissions $1.00

Variable administrative expense $0.50

Required - If 15,500 units are produced, what is the total amount of manufacturing cost, overhead cost incurred to support this level of production?

Reference no: EM132835104

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