п»їAteneo de Zamboanga University
COLLEGE OF MANAGING AND ACCOUNTANCY
Accounting 205: Cost Accounting and Cost Management, Component I
Long Quiz you
Chastity Company can be described as newly-established company whose primary line of business can be manufacturing dried fish. The fish function as its recycleables, while its product packaging materials are being considered as indirect elements.
The company has three selling areas: Area A, Place B, and Area C.
The company uses weighted common cost system in costing for its work in process and finished merchandise inventories.
Provided below are the additional manufacturing and nonmanufacturing costs incurred by company due to its second month of procedures ended on, may 31, 2015:
Raw materials products on hand
в‚± 126, 000
в‚± 98, 000
Packaging supplies inventory
Finished goods products on hand
Operate process inventory
First balance of finished goods inventory is composed of 15, 1000 units.
First balance of the work in process inventory is composed of 10, 000 units. Its expense is broken down as follows:
в‚± 245, 550
The number of units started in development during the month of May is 75, 000 devices. In line with their operations for the month of May possibly, the following had been Purity's disbursements/costs/expenses:
Depreciation to get manufacturing gear
в‚± 88, 000
Depreciation of office products
41, two hundred
Direct manufacturing labor
1, 350, 000
Standard office expenses
Roundabout manufacturing time