Ac 505 Case Study We

 Ac 505 Case Study I Essay

Case Study My spouse and i

Materials purchased$325, 000

Direct Labor$220, 1000

Sales$1, three hundred and fifty, 000

Gross Margin30%

Expense of Goods Designed for Sale$1, 020, 000

Prime Costs$545, 000

Manufacturer Overhead65% of Change cost

Direct Materials$325, 000

Beginning Products on hand numbers:

Organic Materials$41, 500

Works in Process$56, 000

Finished Goods$35, 000

Formulations:

Prime expense = Direct Materials expense + Immediate Labor price

Conversion cost = Immediate Labor expense + Developing overhead expense (65% conversion)

Prime price =325, 500 + $220, 000

545, 000 ( Info given)

Looking to get to the Conversion cost.

Immediate labor =

220, 000 sama dengan 35% of conversion costs

sama dengan 220, 000/. 35 = 628, 571. 42

Developing Overhead = 628, 571 - 230, 000

sama dengan 408, 571

Prime price = immediate material cost + 220, 000

545, 000 = direct material cost & 220, 500

545, 000 – 230, 000 = 325, 1000

Direct material cost = 325, 1000

Gross Perimeter = thirty percent of $1, 350, 000 = 405, 000.

$1, 350, 1000 – 405, 000 sama dengan 945, 500

Ending balance finished products = 945, 000

Cost of Goods Readily available for Sale$1, 020, 000

-- Finished Goods Inventory (Beginning) 35, 000

= Cost of Goods Produced $985, 1000

Cost of Merchandise sold:

Commencing balance done goods$ 35, 000

& Cost of Products Manufactured$985, 000

Goods available for sale$1020, 000

- Ending balance completed goods 945, 000

Cost of goods sold $ seventy five, 000

Manufacturing Costs:

Direct Materials$325, 000

Direct Labor 220, 1000

Manufacturing overhead 408, 471

Total$ 953, 471

Expense of Goods Made

Beginning functions in procedure balance$56, 000

Total production costs953, 471

- Stopping balance operate progress?.

Expense of Good Made $985, 1000

(Total Production cost + Beginning works in process balance) – Cost of Products Manufactured 953, 471 + 56, 000 = 1009, 471

1009, 471 – 985, 000 = $24, 471

Cost of Merchandise Manufactured

Direct...

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