assume information pertaining to callaway golf company for april

Project Description:

assume information pertaining to callaway golf company for april 2009 follows.sales ………………………………………….. $200,000purchasesraw materials ………………………….. 37,000manufacturing supplies ………………... 800office supplies …………………………. 500salaries (including fringe benefits)administrative ………………………….. 6,000production supervisors ………………….. 3,600sales …………………………………….. 15,000depreciation plant and machinery ……………………. 8,000office and office equipment ……………. 4,000utilitiesplant …………………………………….. 5,250office ……………………………………. 890additional information follows: manufacturing overhead is applied to product; at 85 percent of direct labor dollars. employee base wages are $12 per hour. employee fringe benefits amount to 40 percent of the base wage rate. they are classified as manufacturing overhead. during april, production employees worked 5,600 hours, including 4,800 regular hours and 200 overtime hours spent working on products. there were 600 indirect labor hours.employees are paid a 50 percent overtime premium. any overtime premium is treated as manufacturing overhead.requireda. prepare a statement of cost of goods manufactured and an income statement for april.b. determine underapplied or overapplied overhead for april.c. recompute direct labor and actual manufacturing overhead assuming employee fringe benefits for direct labor hours are classified as direct labor.
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Price Type: Negotiable

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