Exam 1: Introduction to Management Accounting

Savard Corporation reported the following: .Raw material purchases totaling $100,000. .Raw material inventory increased $5,000. .Direct labor costs incurred totaled $150,000. .Total factory overhead was $225,000. .Work in process increased $20,000. .Indirect labor was $7,000. .Finished goods increased $40,000. .Sales salaries were $75,000. - How much was Savard's cost of goods sold?

merchandiser's purchases are equivalent to what for a manufacturer?

Fitness Company reports the following data for 2009, its first year of operations: -EWhat is cost of goods sold for 2009?

Wright Company reports production costs for 2009 as follows: -How much are Wright Company's inventoriable product costs for 2009?

The following information was obtained from Sizzler Company: .Advertising costs: $7,900 .Indirect labor: $9,000 .Direct Labor: $31,000 .Indirect materials: $7,200 .Direct materials: $47,000 .Factory utilities: $3,000 .Factory supplies: $700 .Factory janitorial costs: $1,900 .Manufacturing equipment depreciation: $1,600 .Delivery vehicle depreciation: $790 .Administrative wages and salaries: $19,000 -How much were Sizzler's product costs?

Redbird Company reports the following data for 2009: Manufacturing overhead is 75% of the cost of direct labor. What is work in process inventory on Dec. 31, 2009?

Selected data for Young Company for 2009 is presented below: What is the manufacturing overhead for 2009?

Robinson Company has provided the following information: .Raw materials inventory increased $15,000. .Work in process inventory decreased $29,000. .Finished goods inventory decreased $47,000. .Sales were $500,000. .The gross profit ratio was 52.2%. - How much was Robinson's cost of goods manufactured?

Given the following information, determine the cost of goods manufactured and the cost of goods sold for 2009.

Savard Corporation reported the following: .Raw material purchases totaling $100,000. .Raw material inventory increased $5,000. .Direct labor costs incurred totaled $150,000. .Total factory overhead was $225,000. .Work in process increased $20,000. .Indirect labor was $7,000. .Finished goods increased $40,000. .Sales salaries were $75,000. - How much was Savard's cost of goods manufactured?

Fitness Company reports the following data for 2009, its first year of operations: -What are the total manufacturing costs to be accounted for?

The following information was obtained from Sizzler Company: .Advertising costs: $7,900 .Indirect labor: $9,000 .Direct Labor: $31,000 .Indirect materials: $7,200 .Direct materials: $47,000 .Factory utilities: $3,000 .Factory supplies: $700 .Factory janitorial costs: $1,900 .Manufacturing equipment depreciation: $1,600 .Delivery vehicle depreciation: $790 .Administrative wages and salaries: $19,000 -How much were Sizzler's period costs?

Given the following information, calculate the direct materials purchased in 2009.

Village Company's selected cost data for 2009 are shown below: What are total manufacturing costs incurred by Village Company in 2009?

The following information has been provided by LeMaire Company: .Direct labor: $50,000 .Direct materials used: $20,000 .Direct materials purchased: $27,000 .Cost of goods manufactured: $100,000 .Ending work in process: $16,000 .Corporate headquarters' property taxes: $6,000 .Manufacturing overhead: $39,000 The beginning work in process was:

The following information was obtained from Sizzler Company: .Advertising costs: $7,900 .Indirect labor: $9,000 .Direct Labor: $31,000 .Indirect materials: $7,200 .Direct materials: $47,000 .Factory utilities: $3,000 .Factory supplies: $700 .Factory janitorial costs: $1,900 .Manufacturing equipment depreciation: $1,600 .Delivery vehicle depreciation: $790 .Administrative wages and salaries: $19,000 -How much was Sizzler's factory overhead?

Wright Company reports production costs for 2009 as follows: - How much are Wright Company's period costs for 2009?

Robinson Company has provided the following information: .Raw materials inventory increased $15,000. .Work in process inventory decreased $29,000. .Finished goods inventory decreased $47,000. .Sales were $500,000. .The gross profit ratio was 52.2%. - The manufacturing costs incurred by Robinson during the period were how much?