pick a real business study it what best practices in practice issues does that business or company face today explain
September 16, 2020
Create a paper (1.5page) describing the theories of adolescent that relate to identity… 1 answer below »
September 16, 2020

principles-of-managerial-accounting-3

Pearce Manufacturing Inc. incurred the following costs in February:

Direct labor

$40,000

Advertising costs

$1,000

Indirect labor

$15,000

Factory rent

$4,000

Administrative salaries

$8,000

Factory depreciation

$2,000

Raw materials purchased

$10,000

Administrative rent

$3,000

Indirect materials used

$4,000

Administrative depreciation

$1,000

In addition, the following information is also available:

Beginning

Ending

Raw materials

$2,000

$4,000

Work-in-process

$25,000

$18,000

Finished goods

$4,000

$12,000

Number of units produced

10,000 units

Number of units sold

(sales price of $25 per unit)

9,000 units

  • 1.) Calculate total period costs.
  • 2.) Calculate raw materials used.
  • 3.) Calculate cost of goods manufactured.
  • 4.) Calculate the product cost per unit.
  • 5.) Calculate cost of goods sold.
  • 6.) Calculate net operating income. (Ignore taxes)

The following information is available for the Brown Company for the month ended July 31:

Direct materials purchased

$21,000

Direct labor (2,500 hrs@$12)

$30,000

Indirect labor

$3,000

Indirect materials

$2,500

Office supplies expense

$100

Factory equipment depreciation

$2,000

Office equipment depreciation

$750

Administrative expenses

$20,000

Office utilities

$75

Factory utilities

$200

Marketing expense

$2,500

Sales revenue

$150,000

Sales commissions expense

$1,500

Beginning

Ending

Direct materials inventory

$27,000

$24,500

Work in process inventory

$25,000

$29,000

Finished goods inventory

$22,000

$15,000

  • 7.) Determine the direct materials used in July.
  • 8.) Determine cost of goods manufactured in July.
  • 9.) Determine cost of goods sold for July
  • 10.) Prepare an income statement for July. (Ignore taxes)

Complete responses should meet or exceed the required word count if applicable. The minimum word count will need to exceed 150 words for each question unless otherwise stated. You must show your work if the question required a numerical answer.

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.


The post principles-of-managerial-accounting-3 appeared first on Custom Nursing Help.

 

"Is this question part of your assignment? We Can Help!"

Essay Writing Service