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acct 301 week 4




Problem 1;Required: Use the following information to complete the below schedule of cost of goods manufactured.;(25 points);Purchases of raw materials $ 120,000.00;Raw materials available for use $ 148,000.00;Cost of direct raw materials used $ 124,000.00;Manufacturing overhead $ 24,000.00;Total manufacturing costs $ 310,000.00;Ending work-in-process inventory $ (46,000.00);Cost of goods manufactured $ 306,000.00;Schedule of Cost of Goods Manufactured;Beginning inventory, raw materials;Plus: Purchases of raw materials;Raw materials available for use $ -;Less: Ending raw materials inventory;Cost of direct raw materials used $ -;Direct labor;Manufacturing overhead;Total manufacturing costs $ -;Plus: Beginning work-in-process inventory;Total work in process $ -;Less: Ending work-in-process inventory;Cost of goods manufactured $ -;Problem 2;Required: JZ is a musician who is considering whether to independently produce and sell a CD. JZ estimates fixed costs of $10,000 and variable costs of $4.00 per unit. The expected selling price is $12 per CD. What is JZ's break-even point in units and dollars?;(25 points);Break-even point in unitsFixed Costs;Contribution margin per unit;Break-even point in dollarsBreak-even point in units * selling price


Paper#81770 | Written in 18-Jul-2015

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