Question

A review of Plunkett Corporation's accounting records for last year disclosed the following selected information. Variable...

  1. A review of Plunkett Corporation's accounting records for last year disclosed the following selected information.

Variable Costs

Direct materials used              $ 56,000

Direct labor                             $179,000

Manufacturing overhead        $154,000

Selling costs                             $108,400

Fixed costs

Manufacturing overhead        $267,000

Selling costs                            $121,000

Administrative costs               $235,900

What were Plunkett's product/manufacturing costs and period/non-manufacturing costs for last year?

Question 27 options:

Product $235,100 Period $914,000

Product $497,500 Period $651,600

Product$656,000 Period $465,300

Product $683,800 Period $465,300

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A review of the records of Protix, Inc., a new company, disclosed the following year-end information:...
A review of the records of Protix, Inc., a new company, disclosed the following year-end information: Manufacturing Overhead account: Contained debits of $906,000, which included $37,000 of sales commissions. Work-in-Process Inventory account: Contained charges for overhead of $926,000. Cost-of-Goods-Sold account: Contained a year-end debit balance of $3,765,000. This amount was computed prior to any year-end adjustment for under- or overapplied overhead. Pilgrim applies manufacturing overhead to production by using a predetermined rate of $25 per machine hour. Budgeted overhead for...
The accounting records of Omar Company contained the following information for last year: Beginning Ending Direct...
The accounting records of Omar Company contained the following information for last year: Beginning Ending Direct materials inventory........................ $9,000 $7,000 Work in process inventory....................... $17,000 $31,000 Finished goods inventory........................ $10,000 $15,000 Manufacturing costs incurred Direct materials used............................... $72,000 Overhead applied..................................... $24,000 Direct labor cost (10,000 hours).............. $80,000 Depreciation............................................. $10,000 Rent......................................................... $12,000 Taxes........................................................ $8,000 Cost of goods sold................................... $157,000* * Selling and administrative costs incurred Advertising.............................................. $35,000 Rent......................................................... $20,000 Clerical..................................................... $25,000 3. If Omar Company applies overhead to jobs on the...
The accounting records for Portland Products report the following manufacturing costs for the past year: Direct...
The accounting records for Portland Products report the following manufacturing costs for the past year: Direct materials $ 330,000 Direct labor 262,000 Variable overhead 239,000 Production was 170,000 units. Fixed manufacturing overhead was $744,000. For the coming year, costs are expected to increase as follows: direct materials costs by 20 percent, excluding any effect of volume changes; direct labor by 4 percent; and fixed manufacturing overhead by 10 percent. Variable manufacturing overhead per unit is expected to remain the same....
The accounting records for Portland Products report the following manufacturing costs for the past year. Direct...
The accounting records for Portland Products report the following manufacturing costs for the past year. Direct materials $ 390,000 Direct labor 261,000 Variable overhead 235,000 Production was 170,000 units. Fixed manufacturing overhead was $774,000. For the coming year, costs are expected to increase as follows: direct materials costs by 20 percent, excluding any effect of volume changes; direct labor by 4 percent; and fixed manufacturing overhead by 10 percent. Variable manufacturing overhead per unit is expected to remain the same....
The accounting records for Portland Products report the following manufacturing costs for the past year: Direct...
The accounting records for Portland Products report the following manufacturing costs for the past year: Direct materials $ 300,000 Direct labor 264,000 Variable overhead 234,000 Production was 130,000 units. Fixed manufacturing overhead was $796,000. For the coming year, costs are expected to increase as follows: direct materials costs by 20 percent, excluding any effect of volume changes; direct labor by 4 percent; and fixed manufacturing overhead by 10 percent. Variable manufacturing overhead per unit is expected to remain the same....
The following selected information was extracted from the 20x3 accounting records of Farrina Products: Raw materials...
The following selected information was extracted from the 20x3 accounting records of Farrina Products: Raw materials used $284,000 Direct labor 178,000 Indirect labor 35,000 Selling and administrative salaries 250,000 Building depreciation* 330,000 Other selling and administrative expenses 80,000 Other factory costs 620,000 *Seventy percent of the company's building was devoted to production activities; the remaining 30% was used for selling and administrative functions. Farrina's beginning and ending work-in-process inventories amounted to $306,000 and $245,000, respectively. The company's beginning and ending...
The accounting records for Frankie’s Fixtures report the following production costs for the past year:   Direct...
The accounting records for Frankie’s Fixtures report the following production costs for the past year:   Direct Materials $ 643,000   Direct Labor 553,000   Variable Overhead 473,000 Production was 238,000 units. Fixed manufacturing overhead was $797,000.      For the coming year, costs are expected to increase as follows: direct materials costs by 20 percent, excluding any effect of volume changes; direct labor by 4 percent; and fixed manufacturing overhead by 10 percent. Variable manufacturing overhead per unit is expected to remain the same....
The following data from the just completed year are taken from the accounting records of Mason...
The following data from the just completed year are taken from the accounting records of Mason Company:      Sales $ 654,000   Direct labor cost $ 82,000   Raw material purchases $ 133,000   Selling expenses $ 101,000   Administrative expenses $ 47,000   Manufacturing overhead applied to work in process $ 210,000   Actual manufacturing overhead costs $ 225,000       Inventories Beginning of Year End of Year   Raw materials $ 8,500     $ 10,100      Work in process $ 5,700     $ 20,300      Finished goods...
A company reported the following cost information for the last fiscal year when it produced 100,000...
A company reported the following cost information for the last fiscal year when it produced 100,000 units. Direct labor $200,000 Direct materials 100,000 Manufacturing overhead 200,000 Selling and administrative expenses 150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expenses. Using flexible budgeting, what are the total costs associated with producing and selling 110,000 units? A. $715,000 B. $450,000 C. $650,000 D. $695,000
#3: The following data from the just completed year are taken from the accounting records of...
#3: The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 654,000 Direct labor cost $ 82,000 Raw material purchases $ 133,000 Selling expenses $ 104,000 Administrative expenses $ 42,000 Manufacturing overhead applied to work in process $ 204,000 Actual manufacturing overhead costs $ 227,000 ________________________________________ Inventories Beginning of Year End of Year Raw materials $ 8,400 $ 10,100 Work in process $ 6,000 $ 20,000 Finished goods $ 78,000 $...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • The City of Macon due to the population growth, the city plans to add an oxidation...
    asked 2 minutes ago
  • You are the new accounting manager at the Barry Transport Company. Your CFO has asked you...
    asked 8 minutes ago
  • [6.74] Nutritional intake among Canadian high-performing female athletes—A total of n = 201 elite female athletes...
    asked 13 minutes ago
  • Complete the ANOVA summary table below. In addition, answer the following questions for the ANOVA summary...
    asked 16 minutes ago
  • Using the data below, compute the following predicted values. 70 62.5 69 64.6 64 69.1 71...
    asked 40 minutes ago
  • Given a normal distribution with μ=100 and σ=8​, and given you select a sample of n...
    asked 44 minutes ago
  • Cane Company manufactures two products called Alpha and Beta that sell for $155 and $115, respectively....
    asked 44 minutes ago
  • A 1.50 V battery supplies 0.250 W of power to a small flashlight for 30.0 min....
    asked 1 hour ago
  • Each of the following surveys has bias. Identify the type of bias. Explain why you think...
    asked 1 hour ago
  • How did the authors of the constitution create a balance between federal and state governments and...
    asked 1 hour ago
  • Discuss how differences between the American and British educational systems might have contributed to higher occupational...
    asked 1 hour ago
  • Each datum feature on a part requiring identification must be assigned a different datum identification letter.                        
    asked 1 hour ago