Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LOS) Carlton

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Problem 2 24 Schedule Of Cost Of Goods Manufactured Income Statement Cost Behaviour Lo1 Lo2 Lo3 Lo4 Los Carlton 1 (53.98 KiB) Viewed 65 times

Problem 2 24 Schedule Of Cost Of Goods Manufactured Income Statement Cost Behaviour Lo1 Lo2 Lo3 Lo4 Los Carlton 2 (50.65 KiB) Viewed 65 times

Problem 2 24 Schedule Of Cost Of Goods Manufactured Income Statement Cost Behaviour Lo1 Lo2 Lo3 Lo4 Los Carlton 3 (45.2 KiB) Viewed 65 times

Problem 2 24 Schedule Of Cost Of Goods Manufactured Income Statement Cost Behaviour Lo1 Lo2 Lo3 Lo4 Los Carlton 4 (39.46 KiB) Viewed 65 times

Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LOS) Carlton Manufacturing Company provided the following details about operations in February Purchanes of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materiala, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $190,000 43,000 36,500 63,000 4,000 48,500 30,000 19.500 5,000 24,000 117,500 The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materiale Work in process Tinished goods Beginning End of of Month Month $ 45,000 2 32,000 25,000 2 Raw materials used in production cost $209,000, total overhead costs for the month were $232,400, the goods available for sale totalled $440,000, and the cost of goods sold totalled $377,500.
Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the month of February CARLTON MANUFACTURING Schedule of Cont of Goods Manufactured Direct materials: Manufacturing overhead: Total overhead costs Total manufacturing costs Cost of goods manufactured
1-b. Prepare a schedule cost of goods sold section of the company's income statement for the month of February Carlton Manufacturing Schedule of Cost of Goods Sold 2. Assume that the dollar amounts given above are for the equivalent of 19,000 units produced during the month. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) Direct materials Ront, factory building Average cost por unit por unit
2. Assume that the dollar amounts given above are for the equivalent of 19,000 units produced during the month. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) Direct materials Rent, factory building Average cost per unit per unit 3. Assume that in the following month the company expects to produce 24,000 units. What average cost per unit and total cost would you expect to be incurred for direct materials, and for rent on the factory building Direct materials are a variable cost and rent is a fixed cost. (Round "Unit cost" answers to 2 decimal places.) Unit cost Total cost Direct materials Ront, factory building