What was the cost of goods manufactured for Phoenix

Assignment Help Managerial Accounting
Reference no: EM133020270

Question - The following cost information is presented for Phoenix Ltd. for the most recent period.

Cost of direct material used in manufacturing $93,200

Direct labour costs 26,200

Manufacturing overhead 7,700

Sales commissions at 8% of sales 33,200

Opening finished goods inventory 10,200

Opening work-in-process inventory 7,200

Ending finished goods inventory 23,200

Ending work-in-process inventory 18,200

Required - What was the cost of goods manufactured for Phoenix?

Reference no: EM133020270

Questions Cloud

What is the accounts payable balance as at March : Please complete a cash disbursement budget (for direct materials) for the first quarter of the year. What is the accounts payable balance as at March 31st
What is the current market price of the common stock : AG Motor's common stock currently pays an annual dividend of $3.60 per share. What is the current market price of the common stock
What does present value mean : Considering the concept of present value, if you were to win the lottery would you want to receive a lump sum payment or payments over time
What is the value of firm based on the earnings multiplier : Smith's most recent earnings totaled $259,000 and earnings per share was $5.40. What is the value of the firm based on the earnings multiplier
What was the cost of goods manufactured for Phoenix : The following cost information is presented for Phoenix Ltd. for the most recent period. What was the cost of goods manufactured for Phoenix
What is the total amount of the cheques deposited : May 2 Keith Monteith made a payment of $100 for forms filled out by the doctor. He paid by check. What is the total amount of the cheques deposited
Does this payment seem reasonable : Using the PVIFA table (table 9.4 in the textbook), determine the annual payment on a $450,000, Does this payment seem reasonable
Determine the total amount of education related credits : During 2020, she paid 422 Interest on the loan she received under the Canada Student Loans Act. Determine the total amount of education related credits
What should be the order size to ensure minimum costs : Question- A company has an annual demand of 2,55,000 tons of steel. What should be the order size to ensure minimum costs

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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