This paper circulates around the core theme of Beginning raw materials $5600 Ending raw materials $4200 Direct Labor $17,250 Raw materials purchases $7400 Depreciation of factory equipment $6750 Factory repairs and maintenance $3300 Beginning finished goods inventory $10800 Ending finished goods inven together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Beginning raw materials $5600 Ending raw materials $4200 Direct Labor
$17,250 Raw materials purchases $7400 Depreciation of factory equipment
$6750 Factory repairs and maintenance $3300 Beginning finished goods
inventory $10800 Ending finished goods inventory $8900 Beginning goods
in process inventory $5350 Ending goods in process inventory $6300 OH
application rate 60% of DL a) Calculate the cost of materials used. (b)
Calculate the manufacturing costs incurred during the period. (c)
Calculate the Cost of Goods Manufactured during the period. (d)
Calculate the Cost of Goods Sold during the period. (e) Calculate the
amount by which overhead is under- or over-applied. PROBLEM 3 David,
Inc. is preparing its master budget for the second quarter. The
following sales and production data have been forecasted: April May June
July August Unit Sales 400 500 520 480 540 Finished goods inventory on
March 31: 120 units Raw materials inventory on March 31: 450 pounds
Desired ending inventory each month: Finished goods:30% of next month’s
sales Raw materials:25% of next month’s production needs Number of
pounds of raw material required per finished unit: 4 lb. Number of
direct labor hours to produce each unit: 3 hours Labor rate per hour:
$10 (a) How many units should be produced during April and May? (b) How
many pounds of raw materials should be purchased in April? (c) What is
the budgeted labor cost for April? PROBLEM 5 A company is considering a
proposal to invest $30,000 in a project that would provide the following
net cash flows: Year 1 $6500 Year 2 $10,700 Year 3 $15,000 Year 4
$12,800 (a) Compute the project’s payback period. (b) Compute the net
present value of the project assuming a 10% discount rate with the
following factors: PV factors for $1(yr 1: 0.9091; yr 2: 0.8264; yr 3:0
.7513; yr 4: 0.6830) (c) Should the company invest in the machine? Why
or why not?
