CourseLover

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About CourseLover

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Elementary,Middle School,High School,College,University,PHD

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 287 Weeks Ago, 2 Days Ago
Questions Answered: 27237
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 18 Dec 2017 My Price 10.00

CASE ANALYSIS- arrange the figures in correct format

Can you please arrange the figures in correct format and give the correct figures for 

1) Prime Cost
2) Period Cost
3) Product Cost
4) Total Manufacturing Overhead
5) Net Profit Before Tax

 

 

 

 

 

Total Prime Costs

Direct materials………………………………………………….. $7,425,000

Indirect materials……………………………………………….. $1,050,000

Direct labour:

Wages……………………………………………………………. $2,658,000

Fringe benefits………………………………………………. $574,250

Indirect labour:

Wages……………………………………………………………. $785,100

Fringe benefits………………………………………………. $32,650

Production supervisor salary……………………………… $131,600

Production supervisor fringe benefits……………….. $5,780

Total prime costs……………………………………………….. $12,662,380

 

Total Manufacturing Overhead
Depreciation of factory building ……………………… $62,578
Depreciation of factory equipment ………………… $987,520
Depreciation of sales showroom fittings ………… $12,152
Depreciation of office equipment ………………….. $6,450
Sales manager salary ………………………………………. $142,560
Sales manager fringe benefits ………………………… $8,250
Sales people:
Wages ………………………………………………………… $478,520
Fringe benefits …………………………………………… $36,570
Commissions ……………………………………………… $264,510
Total manufacturing overhead ………………… $1,999,110

 

 

Total Product Costs
Total prime costs ……………………………………………. $12,662,380
Total manufacturing overhead ………………………. $1,999,110
Total product costs ……………………………………… $14,661,490

 

Total Period Costs
Advertising expense ………………………………………….. $465,200
Office utilities …………………………………………………….. $27,850
Factory utilities ………………………………………………….. $746,250
Sales showroom rental ………………………………………. $36,000
Total period costs ………………………………………………. $1,275,300

 

 

 

 


Income Statement
Sales revenue ……………………………………………………… $18,584,160
less: Cost of goods sold ………………………………………. $14,661,490
Gross margin ………………………………………………………. $3,922,670
less: Selling and Administrative expenses
Total period costs ………………………………………. $1,275,300
Net profit before tax ………………………………………….. $2,647,370

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CourseLover
(12)
Status NEW Posted 18 Dec 2017 08:12 AM My Price 10.00

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