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Культура Документы
24000
56000
80000
(20000)
60000
40000
Prime Cost
100000
Direct labor
FOH Applied
6250 Hours@ 8
Conversion cost
40000
50000
90000
Prime cost
Applied FOh
6250@8
100000
150000
12000
162000
(8000)
154000
154000
36000
50000
Cost of goods available for sale
- Finished goods ending
Cost of goods sold
( 5) Income statement
Sale
- C.G.S
200000
(150000)
Gross profit
50000
(20000)
Net income
30000
Exe 4
Req(1) Estimated cost to produce or Total manufacturing cost
Direct labor
Direct material
FOH
Molding department ( 800*5)
Finishing department =4300*120/100
10100
7500
26760
4000
5160
190000
(40000)
150000
Req (3)
Direct material
Direct labor
7500
10100
Prime cost
17600
Conversion cost
Direct labor
10100
FOH
Molding department (800*5) 4000
Finishing department =4300*120/100 5160
Conversion cost
19260
10100
7500
4000
5160
26760
Markup ( 26760*40/100)
10704
Bid price
37464
736
Bid 2
900
190
80
1170
Bid2
49.5
60
66
150
50.4
320
0
100.8
560
112
479.9
988.8
FOH cost
Bid 1
Foundry Bid 1 ( 6hrs@3.25) Bid 2(8Hrs@3.25)
Machining Bid 1 ( 8hrs@3) Bid 2 (20hrs@3)
Electroplating Bid 1 (6hrs@2.50) Bid 2 (12hrs@2.50)
Assembly
Bid 1 (40hrs@2.60 Bid 2 (70hrs@2.60)
Installing
Bid 1 (0hrs@ 1.80) Bid2 (16hrs@ 1.80)
Foh Cost
Total Manufacturing cost
Bid2
19.5
24
26
60
15
104
0
30
182
28.8
162.5
326.8
3
Bid 1
Bid2
2485.6
107.94
1439.19
2593.54
774.95
1396.52
Bid Price
2214
3990
Exe---7
Last Year
Sale price per unit
- Gross profit (25% of C.G.S)280*25/125
Per unit cost
=
=
280
(56)
224
89.6
22.4
112
Direct labor
+ increase 25 %( 100.8*25/100)
100.8
25.2
126
FOH
33.6
+ increase 12.5% (33.6*12.5/100) 4.2
Per unit cost
37.8
275.8
4
- Per unit cost
Gross profit per unit
(275.8)
74.2
15000
46500
- closing inventory
Material used
61500
19200
42300
61500
Work in process
Material used
Direct labor
A=6125@7.80
B=9875@8.40
FOH
A=6125@5
B=9875@4.20
+ W.I.P opening
42300
- W.I.P ending
cost of goods manufactured
(19425)
243000
47775
82950
30625
41475
17300
262425
262425
Finished goods
Cost of goods manufactured
+ Finished goods opening
243000
11300
254300
254300
=42300
=130725
=72100
245125
9400
244900
= 244900
5
Exe8
June
Sale price per unit
Less: Cost
Direct labor
Direct material
Foh(30*100/100)
Gross profit
50
30
30
200
110
90
July
Direct Material
- decrease (50*5/100)
50
2.5
47.5
Direct labor
+ increase (30*20/100)
30
6
36
FOH
+ increase (30*20/100)
30
6
36
119.5
July
Material (50-2.5)
Direct labor
+ increase (30*20/100)
47.5
30
6
36
10
117.5
24
6
110
Exe9
15000
50000
5000
55000
70000
(30000)
Material used/Consumed
+ Direct labor
Prime cost/Basic cost
Applied FOH 50% of D.labor (40000*50/100)
40000
40000
80000
20000
100000
50000
150000
(55000)
95000
70000
165000
(60000)
105000
19F Sale
- Gross profit(150000*30/100)
Cost of goods sold
Problem 32
= 150000
= 45000
105000
Working
Income statement for 19A
Total
Sale (2000units@600)
Less: C.G.S
(2000untis@180) Material, 450*40/100
(2000@ 180)
D.Labor, 450*40/100
(2000@90)
FOH
450*20/100
1200000
600
360000
360000
180000
180
180
90
900000
450
Gross profit
300000
150
7
Less: Marketing and administrative exp(2000@50)
Net income
Req (1)
Income statement 19B
(100000)
200000
Total
(50)
100
per unit cost
2000 units @
810000
Less: C.G.S
(1200units@216) Material,(180*20/100)=36+180
259200
(1200@225)
Labor (180*25/100)=45+180
270000
FOH
20
216+225=441/80*100=551.25*20/100=11.25(1200@110.25) 132300
675
216
225
110.25
661500
551.25
Gross profit
148500
123.75
(60000)
(50)
Net income
88500
73.75
Req(2)
Req (1)
810000
675
Less: C.G.S
(1200units@216) Material,(180*20/100)=36+180
(1200@225)
Labor (180*25/100)=45+180
100000/1200=83.33 FOH fixed cost (1200*83.33)
80000/2000*1200=48000 V.cost=48000/1200=40*1200
259200
270000
100000
48000
216
225
83.33
40
(677200)
564.33
Gross profit
Less:
Marketing and administrative exp(1200@50)
132800
110.67
(60000)
(50)
Net income
72800
60.67