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Author Question: Athletic Gen Inc. has determined the following unit costs and selling price for each of its ... (Read 10 times)

rubiosusy7

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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
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Marked as best answer by rubiosusy7 on Feb 5, 2023

kaynelson17

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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.
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rubiosusy7

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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