Reference no: EM131247533
The Dorilane Company specializes in producing a set of wood patio furniture. Annual data are shown below:
Administrative salaries 60,000
Administrative supplies 3,000
Advertising 50,000
Depreciation, factory equipment 10,000
Depreciation, corporate equipment 4,000
Direct materials used 75,000
Factory labor 118,000
Factory Supervision 40,000
Indirect materials, factory 6,000
Insurance, factory 2,500
Lease cost, factory equipment 12,000
Property taxes, factory building 3,500
Revenues 612,500
Sales commissions 80,000
Utilities, factory 20,000
Utilities, corporate 12,500
For all items below, show calculations:
a) List the period costs and give the total:
b) What is the total conversion cost?
c) What is the total dollar amount of the prime costs?
d) What is the total manufacturing cost?
What was the net or cash cost for the merchandise
: A method used to separate a mixed cost using experts or other professionals that are familiar with technical aspects of the activity and associated costs is the: Longoria Company purchased merchandise inventory on account with a list price of $5,000 ..
|
Determine the total cost of ending work in process inventory
: Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Determine th..
|
What is the break-even point in unit sales and dollar sales
: Olso Company prepared the following contribution format income statement based on a sales volume of 1,000 units ( the relevant range of production is 509 units to 1,500 units): What is the break -even point in unit sales? What is the break-even point..
|
In which situation does internal auditor lack objectivity
: In which situation does the internal auditor lack objectivity?
|
What is the total dollar amount of the prime costs
: The Dorilane Company specializes in producing a set of wood patio furniture. What is the total conversion cost? What is the total dollar amount of the prime costs? What is the total manufacturing cost?
|
Explain the purpose of adjusting journal entries
: How does using spreadsheet software, such as Excel, assist in preparing financial statements and other documents? Explain the purpose of adjusting journal entries. In what ways can Excel be used to prepare adjusting journal entries?
|
Outline investigation plan that includes digital forensics
: The CFO of ABC Company has contacted you to investigate his financial manager. The CFO suspects the financial manager is siphoning funds. Step back and think what could be wrong and how you would develop a plan based on the suspicion that there may b..
|
Incorporating the effects of each transaction
: Oak Street Clinic, a not-for-profit, began 2015 with the following account balances on January 1: During 2015, the accounting clerk recorded the following transactions: Oak Street Clinic's year-end is December 31. Construct the 2015 balance sheet and..
|