Title: Athletic Gen Inc. has determined the following unit costs and selling price for each of its ...
Post by: blankship on Jan 22, 2023
Athletic Gen Inc. has determined the following unit costs and selling price for each of its products: | Shorts | Shirts | Sweat Suits | Direct materials | $4.45 | $6.85 | $44.70 | Direct labor | 2.50 | 2.00 | 15.00 | Manufacturing overhead | 3.00 | 2.40 | 18.00 | Total unit cost | $9.95 | $11.25 | $77.70 | | | | | Sales price per unit | $12.00 | $14.80 | $125.00 |
On May 31, Athletic Gen Inc.'s Work in Process Inventory consisted of the following items: Job | Units | Accumulated Cost | Shorts | 100 | $ 715 | Shirts | 200 | 1,800 | Sweat Suits | 50 | 3,045 | | | $5,560 |
During June, a total of $190,590 in direct materials and $76,200 in direct labor costs were incurred. Units finished and sold during June were as follows: Product | Units Finished | Units Sold | Shorts | 13,500 | 14,000 | Shirts | 3,200 | 3,100 | Sweat Suits | 2,500 | 2,500 |
Required a. | Given that Athletic Gen Inc. uses direct labor dollars as its application base, what is | the company's predetermined overhead rate? b. | Calculate the total manufacturing cost for June. |
c. | Calculate the cost of goods manufactured for June. |
d. | Calculate the ending Work in Process Inventory balance on June 30. |
e. | Calculate Cost of Goods Sold for June. |
Title: Athletic Gen Inc. has determined the following unit costs and selling price for each of its ...
Post by: rpascua on Jan 22, 2023
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