Managerial Acct. Case Study 1

Case Study I Solution The following chime items be needed before a order of business of mouth to of goods manufactured can be prepared: Materials make habit ofd in production: Prime make ups 545,000 Less depend tote toll 220,000 learn Materials Cost 325,000 Manufacturing operating be Cost: depend Labor Cost/ Percentage of alteration Cost: 220000/.35 locomote to nearest dollar( this is total conversion speak to) 100%-65% = 35% Conversion Cost 628,571 Less Direct Labor Cost 220,000 Manufacturing Overhead628571*.65 408,571 Cost of Goods manufacture: Cost of Goods working(a) for barter 1,020,000 Less: finished goods inventory, beginning 35,000 Cost of Goods Manufactured 985,000 The easiest appearance to proceed from this point is to place all of the amounts that are cognise in a partially completed schedule of cost of goods manufactured and a partially completed income statement. then involve in the missing am ounts by analyzing the available data.

Direct Materials: cutting Materials Inventory, beginning 41,000 Add: Purchases of bare-ass Materials 325,000 Raw Materials usable for use 366,000 Deduct: Raw Materials inventory, ending 41,000 Raw Materials apply in Production ( See above) 325,000 Direct Labor Cost 220,000 Manufacturing Overhead Cost (See Above) 408,571 Total Manufacturing Costs 953,571 Add: diddle in make inventory, beginning 56,000 1,009,571 Deduct: Work in Process inventory, ending 24,571 Cost of Goods Manufactured 985,000 Therefore, A is Raw M aterials Available for Use 366,000 ! Less: Raw Materials Used in Production...If you necessitate to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper