Course: ACC2110-104 PRINWileyPLUS Casey × Accounting question! Chegg × Secure l

Question

Course: ACC2110-104 PRINWileyPLUS Casey × Accounting question! Chegg × Secure l https://edugen.wileyplus.com/edugen/lti/main.uni Business Communic D Vll-Papers Teleco. GENERAL INFO: e.. C :: Apps Quiz 1 d How to Treat Cuban. Cultural Information. cuba business com.. Cuba-Communicati.. The World Factbook . Kimmel, Accounting, 6e Help System Announcements Home Read, Study & Practice Gradebook ORION Downloadable eTextbook Assignment>Open Assignment CALCULATORPRINTER VERSION BACK NEDCT ASSIGNMENT RESOURCESFultz Company has accumulated the following budget data for the year 2017 Exercise2- Exercise 21-6 (Part Exercise 21-6 1. Sales: 31,380 units, unit selling price $90 2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead S6 per direct labor hour 3. Inventories (raw materials only): beginning, 10,370 pounds; ending, 15,270 pounds. . Seling and administrative expenses: $170,000; interest expense: $30,000 5. Income taxes: 30% of income before income taxes. ubm Exerise 21-9 (a) Prepare a schedule showing the computation of cost of goods sold for 2017 Exercise 21-13 (Pa evel Submission FULTZ COMPANY Computation of Cost of Goods Sold Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Ob Total Cost of Goods Sold Version 4.24.2.4

Explanation / Answer

Answer

Cost of one unit of finished goods

Direct materials

1 pound x $5 per pound

[1x5] 5

Direct labour

3 hours x $12 per hour

[3x12] 36

Manufacturing Overhead

3 hours x $6 per hour

[3x6] 18

TOTAL cost of one unit

$ 59

Cost of one unit of finished goods

Direct materials

1 pound x $5 per pound

[1x5] 5

Direct labour

3 hours x $12 per hour

[3x12] 36

Manufacturing Overhead

3 hours x $6 per hour

[3x6] 18

TOTAL cost of one unit

$ 59

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