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  • ABC Floor Mill

    Diunggah oleh

    aamir ali
    8 tayangan1 halaman
    The ABC Floor Mill financial statements for the year ended December 31, 2017 show beginning balances of accounts receivable at $0, beginning finished goods at $0, and beginning raw materials at $25,000 with accounts payable at $0 and cash at $500,000. Indirect materials and fixed costs for the year totaled $275,000. The cost to produce 1 bag of floor is $86,240 including $100 for raw materials, $200 for labor hours, $27.5 for variable manufacturing overhead, $0 for fixed manufacturing overhead, $50000 for depreciation, and $15 for variable selling and administrative expenses.

    Deskripsi Asli:

    Master Budget of Managerial Accounting

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    The ABC Floor Mill financial statements for the year ended December 31, 2017 show beginning balances of accounts receivable at $0, beginning finished goods at $0, and beginning raw materials at $25,000 with accounts payable at $0 and cash at $500,000. Indirect materials and fixed costs for the year totaled $275,000. The cost to produce 1 bag of floor is $86,240 including $100 for raw materials, $200 for labor hours, $27.5 for variable manufacturing overhead, $0 for fixed manufacturing overhead, $50000 for depreciation, and $15 for variable selling and administrative expenses.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    8 tayangan1 halaman

    ABC Floor Mill

    Diunggah oleh

    aamir ali
    The ABC Floor Mill financial statements for the year ended December 31, 2017 show beginning balances of accounts receivable at $0, beginning finished goods at $0, and beginning raw materials at $25,000 with accounts payable at $0 and cash at $500,000. Indirect materials and fixed costs for the year totaled $275,000. The cost to produce 1 bag of floor is $86,240 including $100 for raw materials, $200 for labor hours, $27.5 for variable manufacturing overhead, $0 for fixed manufacturing overhead, $50000 for depreciation, and $15 for variable selling and administrative expenses.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 1

    ABC Floor Mill

    For the Year Ended December


    Year 31, 2017

    Beginning Balances
    Accounts Rceivable 0
    Beginning Finished Goods 0
    Beginning Raw Material 25000
    Account Payable 0
    Production 10000
    Cash 500000

    Indirect Material/Mixed Portion o Fixed Cost


    benzoyl peroxide 30000
    potassium bromates 100000
    azodicarbonamide 90000
    Sales Commission (10%) 10000
    chlorine dioxide 45000
    Total 275000
    Variable Manufacturing
    overhead 27.5

    Data assumed

    Costs
    Selling Price per 40 Kg 2750 To Produce 1 bag of 40 kg
    Raw Material
    Raw Material (Wheat) 100 Needed 10
    Labor Hours 200 Direct labor hours 4
    Variable Manufacturing Over Head 27.5
    10000
    Fixed Manufacuring Overhead 0
    Depreciation 50000
    Variable Selling and Administrative
    Expense 15
    86240
    Equipment Purchases (each quarter) 0

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