Some selectod sales and cost data for job order 515 are given below $100,000 550

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Some selectod sales and cost data for job order 515 are given below $100,000 550,000 Cost of Direct materials used Direct labor cost Factory overhead cost: Selling and administrative expenses: (50% direct. 60% variable) S120.000 Required Compute the following: (a) prime cost, (b) conversion cot, (c) direct cost, (d) indirect cost, (e) prodact cost, (0 peried cost. (g) variable cost, and (h) fised cost The Ellis Machine Tool which is below the regular price. The current operating is belovw the regular price. The current operating level, which is below full capacity of 70,000 pieces, The regular production during the year was 50,000 pieces Company is considering production for a special order for 10 000 poe atsus hows the operating results as contained in the following report Sales @ S1 550,000 Direct materials $20,000 Direct labor 10,000 Factory overhead: Supervision Depreciation Insurance Rental $1.500 $100 S400 $5.500 (535.500) Factory overhead costs will continue regardless of the decision. Required: a What are the relevant costs for that special order? b What are the incremental costs for this decision? Prepare a schedule showing the incremental cost. c- Which costs represent sunk costs? d- What would be the opportunity cost, if any, associated with the special order? Activity 1-03 The Shim Refrigerator Co. shows the following records for the period ended December 31,2010 Materials purchased $550,000 Inventories, Jan. 1,2010: $20,000 $20,000 Materials Work-n-process Finished goods 1,000 units Direct labor Factory overhead (40% variable) Selling expenses (all fined) General and administrative (all fixed) Sakes (7,500 units at $535) Inventories, Dec. 31, 2010: $1,050,000 $750,000 $500,750 $385.230 Materials Work-in-process Finished goods $50,000 $100,000 1,000 unts Assume that finished goods inventories are valued at the current unit manufacturing cost. Required: 1. Prepare a schedule of cost of goods manufactured. 2. Find the number of units manufactured and unit manufacturing cost 3. Prepare an income statement for the period. 4. Find the total variable and fixed costs Prepared by THIM Socheat

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Some selectod sales and cost data for job order 515 are given below $100,000 550

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