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cost-volume-profit graph

June 20, 2017 mfadmin Managerial Accounting

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Previous Post:“Clark Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2016:Inventories: Beginning EndingRaw Materials: $57,000 $28,000Work-in-Process: 105,000 67,000Finished Goods: 48,000 54,000Other information:Depreciation, plant building and equipment: $12,000Raw materials purchases: 160,000Insurance on plant: 20,000Sales salaries: 41,000Repairs and maintenance – plant: 9,000Indirect labor: 31,000Direct labor: 123,000Administrative expenses: 54,000Requirements1. Use the information to prepare a schedule of cost of goods manufactured.2. What is the unit product cost if Clark manufactured 3,376 lamps for the year?”,”Direct Materials Used: $189,000Direct Labor: 123,000Manufacturing Overhead: Indirect Labor: 31,000 Depreciation, Plant Building and Equipment: 12,000 Repairs and Maintenance – Plant: 9,000 Insurance on Plant: 20,000Total Manufacturing Overhead: 72,000Total Manufacturing Costs Incurred during the Year: 384,000Total Manufacturing Costs to Account For: 489,000Ending Work-in-Process Inventory: (67,000)Cost of Goods Manufactured: $422

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