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Category > Management Posted 03 Nov 2017 My Price 9.00

Helmer Sporting Goods Company

Helmer Sporting Goods Company manufactured 100,000 units in 20x3 and reported the following costs:

 

         Sandpaper                                   $    32,000         Leasing costs - plant                 $   384,000

         Materials handling                           320,000         Depreciation - equipment               224,000

         Coolants & lubricants                        22,400         Property taxes - equipment              32,000

         Indirect manufacturing labor           275,200         Fire insurance - equipment               16,000

         Direct manufacturing labor           2,176,000         Direct material purchases            3,136,000

         Direct materials, 1/1/x3                   384,000         Direct materials, 12/31/x3              275,200

         Finished goods, 1/1/x3                    672,000         Sales revenue                            12,800,000

         Finished goods, 12/31/x3             1,280,000         Sales commissions                         640,000

         Work-in-process, 1/1/x3                    96,000         Sales salaries                                  576,000

         Work-in-process, 12/31/x3                64,000         Advertising costs                           480,000

                                                                                       Administration costs                      800,000

         Required:

a.      What is the amount of direct materials used during 20x3? ($3,244,800)

b.      What manufacturing costs were added to WIP during 20x3? ($6,726,400)

c.      What is cost of goods manufactured for 20x3? ($6,758,400)

d.      What is cost of goods sold for 20x3? ($6,150,400)

E. What is the prime cost for 20x3?

F. What is the conversion cost for 20x3?

g. How much is manufacturing overhead?

 

I just need help with E,F, and G. I think I got A-D answered.

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Nov 2017 09:11 PM My Price 9.00

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