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    Nama: Nabila Indri Yani No. BP: 2010931037 Tugas 1: Analisis Dan Estimasi Biaya

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    The document provides cost and production information for Avery Corporation and Beckman Company. It also provides unit cost information and income statement details for Photo-Dive, Inc. [1] Avery Corporation's direct materials used was $179,300. The cost of goods manufactured was $739,000 and unit cost was $7.39. [2] For Beckman Company, the cost of goods manufactured in November was $345,400 and cost of goods sold was $347,000. [3] Photo-Dive's cost of goods sold was $1,397,400 and absorption-costing income was $537,100.

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    Nama: Nabila Indri Yani No. BP: 2010931037 Tugas 1: Analisis Dan Estimasi Biaya

    Uploaded by

    Innabila
    656 views4 pages
    The document provides cost and production information for Avery Corporation and Beckman Company. It also provides unit cost information and income statement details for Photo-Dive, Inc. [1] Avery Corporation's direct materials used was $179,300. The cost of goods manufactured was $739,000 and unit cost was $7.39. [2] For Beckman Company, the cost of goods manufactured in November was $345,400 and cost of goods sold was $347,000. [3] Photo-Dive's cost of goods sold was $1,397,400 and absorption-costing income was $537,100.

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    Tugas 1 Anbi

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    The document provides cost and production information for Avery Corporation and Beckman Company. It also provides unit cost information and income statement details for Photo-Dive, Inc. [1] Avery Corporation's direct materials used was $179,300. The cost of goods manufactured was $739,000 and unit cost was $7.39. [2] For Beckman Company, the cost of goods manufactured in November was $345,400 and cost of goods sold was $347,000. [3] Photo-Dive's cost of goods sold was $1,397,400 and absorption-costing income was $537,100.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    656 views4 pages

    Nama: Nabila Indri Yani No. BP: 2010931037 Tugas 1: Analisis Dan Estimasi Biaya

    Uploaded by

    Innabila
    The document provides cost and production information for Avery Corporation and Beckman Company. It also provides unit cost information and income statement details for Photo-Dive, Inc. [1] Avery Corporation's direct materials used was $179,300. The cost of goods manufactured was $739,000 and unit cost was $7.39. [2] For Beckman Company, the cost of goods manufactured in November was $345,400 and cost of goods sold was $347,000. [3] Photo-Dive's cost of goods sold was $1,397,400 and absorption-costing income was $537,100.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 4

    Nama : Nabila Indri Yani

    No. BP : 2010931037

    Tugas 1 : Analisis dan Estimasi Biaya

    2-3 Cost Definitions

    Avery Corporation’s northwestern factory provided the following information for the last calendar
    year:

    Beginning inventory:
    Direct materials $50,800
    Work in process 58,500

    Ending inventories:
    Direct materials $21,500
    Work in process 23,500

    During the year, direct materials purchases amounted to $150,000, direct labor cost was $200,000, and
    overhead cost was $324,700. There were 100,000 units produced.

    Required:

    1. Calculate the total cost of direct materials used in production.


    Answer:

    Direct materials used = $50,800 + $150,000 – $21,500 = $179,300

    2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost.
    Answer:

    Direct materials........................................................... $179,300


    Direct labor................................................................. 200,000
    Overhead ..................................................................... 324,700
    Total manufacturing cost............................................ $704,000
    Add: Beginning WIP ................................................. 58,500
    Less: Ending WIP ...................................................... (23,500)
    Cost of goods manufactured....................................... $739,000

    Unit cost of goods manufactured = $739,000/100,000 = $7.39

    3. Of the unit manufacturing cost calculated in Requirement 2, assume $1.70 is direct materials and
    $3.24 is overhead. What is the prime cost per unit? Conversion cost per unit?
    Answer:

    Direct labor = $7.39 – $1.70 – $3.24 = $2.45


    Prime cost = $1.70 + $2.45 = $4.15
    Conversion cost = $2.45 + $3.24 = $5.69

    2-5 Cost of Goods Manufactured and Sold

    Beckman Company manufactures staplers. At the beginning of November, the following information
    was supplied by its accountant:

    Direct materials inventory $48,500


    Work in process inventory 10,000
    Finished goods inventory 10,075

    During November, direct labor cost was $22,000, direct materials purchases were $70,000, and the
    total overhead cost was $216,850. The inventories at the end of November were:

    Direct materials inventory $15,900


    Work in process inventory 6,050
    Finished goods inventory 8,475

    Required:

    1. Prepare a cost of goods manufactured statement for November.


    Answer:

    Direct materials:
    Beginning inventory.............................. $ 48,500
    Add: Purchases ..................................... 70,000
    Materials available.................................$118,500
    Less: Ending inventory.......................... (15,900)
    Direct materials used in production ....... $ 102,600
    Direct labor........................................................ 22,000
    Manufacturing overhead ................................... 216,850
    Total manufacturing costs added ...................... $ 341,450
    Add: Beginning work in process....................... 10,000
    Less: Ending work in process............................ (6,050)
    Cost of goods manufactured.............................. $ 345,400

    2. Prepare a cost of goods sold schedule for November.


    Answer:

    Cost of goods manufactured.................................................... $ 345,400


    Add: Beginning finished goods inventory .............................. 10,075
    Cost of goods available for sale............................................... $ 355,475
    Less: Ending finished goods inventory ................................... (8,475)
    Cost of goods sold ................................................................... $ 347,000

    2-6 Prime Cost, Conversion Cost, Preparation of Income Statement: Manufacturing Firm

    Photo-Dive, Inc., manufactures disposable underwater cameras. During the last calendar year, a total of
    270,000 cameras were made, and 274,000 were sold for $8 each. The actual unit cost per camera
    produced during the year is as follows:

    Direct materials $2.25


    Direct labor 1.50
    Variable overhead 0.65
    Fixed overhead 0.70
    Total unit cost $5.10

    Research and development expenses amounted to $70,000. The selling expenses consisted of a
    commission of $0.25 per unit sold and advertising copayments totaling $36,000. Administrative
    expenses, all fixed, equaled $83,000. There were no beginning and ending work-in-process inventories.
    Beginning finished goods inventory was $30,600 for 6,000 cameras.

    Required:
    1. Calculate the number of cameras in ending finished goods inventory and their costs.
    Answer:

    Beginning finished goods inventory.............................. 6.000


    Production……………………………………………… 270.000
    Available……………………………………………….. 276.000
    Sold……………………………………………………..(274.000)
    Ending finished goods inventory………………………. 2.000 unit

    2. Prepare a cost of goods sold statement for last year.


    Answer:

    Direct materials = $ 2.25 x 270,000 = 607,500


    Direct labor = $ 1.50 x 270,000 = 405,000
    Overhead-variable = $ 0.65 x 270,000 = 175,000
    Overhead-fixed = $ 0.70 x 270,000 = 189,000
    Total manufactured cost added $1.377,000
    Beginning work in process 0
    Ending work in process 0
    Cost of goods manufactured $1.377,000
    Beginning finished goods inventory = 6,0000 x $ 5.1 = 30,600
    $1.407,600
    Ending finished goods inventory =2,000 x $ 5.1 = (10,000)
    Cost of goods sold $1.397,400

    3. Prepare an absorption-costing income statement for last year.


    Answer:

    Income = $8 x 274,000 = 2.192,000


    Cost of goods sold $1.397,400
    Gross income $794,600
    Cost of Research development (70,000)
    Advertising (36,000)
    Commission = $0.25 x 274,000 = (68,500)
    Administrative expenses (83,000)
    Absorption-costing income $537,100

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