This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Athletic Gen Inc. has determined the following unit costs and selling price for each of its ... (Read 15 times)

rubiosusy7

  • Full Member
  • ***
  • Posts: 152
on: Feb 5, 2023
Athletic Gen Inc. has determined the following unit costs and selling price for each of its products:

​ShortsShirtsSweat Suits
Direct materials$4.45$6.85$44.70
Direct labor2.502.0015.00
Manufacturing overhead  3.00   2.40  18.00
Total unit cost$9.95$11.25$77.70
​​​​
Sales price per unit$12.00$14.80$125.00

On May 31, Athletic Gen Inc.'s Work in Process Inventory consisted of the following items:

JobUnitsAccumulated Cost
Shorts100$  715
Shirts2001,800
Sweat Suits  50  3,045
​​$5,560

During June, a total of $190,590 in direct materials and $76,200 in direct labor costs were incurred. Units finished and sold during June were as follows:

ProductUnits FinishedUnits Sold
Shorts13,50014,000
Shirts 3,2003,100
Sweat Suits 2,5002,500


Required
a.Given that Athletic Gen Inc. uses direct labor dollars as its application base, what is
the company's predetermined overhead rate?
b.Calculate the total manufacturing cost for June.
c.Calculate the cost of goods manufactured for June.
d.Calculate the ending Work in Process Inventory balance on June 30.
e.Calculate Cost of Goods Sold for June.
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by rubiosusy7 on Feb 5, 2023

kaynelson17

  • Full Member
  • ***
  • Posts: 141
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


rubiosusy7

  • Member
  • Posts: 152
Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
Controlled cold compression unit. Controlled cold compression unit.
A hyfrecator, an electrocautery unit. A hyfrecator, an electrocautery unit.
Health Care Costs for the Elderly and Disabled Health Care Costs for the Elderly and Disabled
A typical electric motor-driven AIR pump. This unit is on a Chevrolet Corvette and only works when ... A typical electric motor-driven AIR pump. This unit is on a Chevrolet Corvette and only works when ...
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library