1. The following information was obtained from Durand, Inc.:

Advertising Costs	$11,400
Indirect Labor	5,000
CEO's Salary	530,000
Direct Labor	59,000
Indirect Materials Used	5,500
Direct Materials Used	360,000
Factory Utilities	780
Factory Janitorial Costs	2,500
Manufacturing Equipment Depreciation	1,100
Delivery Vehicle Depreciation	2,310
Administrative Wages and Salaries	28,400

How much were Durand's period costs?

2. The following information was obtained from Moreau Manufacturing, Inc.:

Advertising Costs	$9,900
Indirect Labor	82,000
CEO's Salary	460,000
Direct Labor	40,000
Indirect Materials Used	4,500
Direct Materials Used	61,000
Factory Utilities	860
Factory Janitorial Costs	2,000
Manufacturing Equipment Depreciation	1,200
Delivery Vehicle Depreciation	3,500
Administrative Wages and Salaries	21,000

Calculate Moreau Manufacturing's total product costs.

3. Velasco Productions has provided the following information for the year:

Direct Labor	$152,000
Beginning Work-in-Process Inventory	62,000
Direct Materials Used	269,000
Ending Work-in-Process Inventory	53,000
Manufacturing Overhead	134,000

During the year, Velasco produced 70,700 units of product. Calculate the unit product cost. (Round your answer to the nearest cent.)

4. Hernando Manufacturing, Inc. reported the following information for the year:

Number of Units Produced	151,000
Number of Units Sold	63,000
Cost of Goods Manufactured	$268,000
Cost of Goods Sold	52,500
Sales Revenue	133,000
Gross Profit	71,220
Operating Expense	728,000

What was the unit product cost? (Round your answer to the nearest cent.)

5. The following information was obtained from Smith Manufacturing, Inc.:

Advertising Costs	$9,900
Indirect Labor	51,000
CEO's Salary	650,000
Direct Labor	41,000
Indirect Materials Used	7,000
Direct Materials Used	65,000
Factory Utilities	750
Factory Janitorial Costs	1,600
Manufacturing Equipment Depreciation	3,300
Delivery Vehicle Depreciation	1,400
Administrative Wages and Salaries	21,000

Calculate Smith Manufacturing's manufacturing overhead costs.

6. The following information was obtained from Johnson Manufacturing, Inc.:

Advertising Costs	$12,700
Indirect Labor	91,000
CEO's Salary	720,000
Direct Labor	57,000
Indirect Materials Used	7,800
Direct Materials Used	64,000
Factory Utilities	180
Factory Janitorial Costs	2,400
Manufacturing Equipment Depreciation	3,800
Delivery Vehicle Depreciation	1,200
Administrative Wages and Salaries	27,000

Calculate Smith Manufacturing's manufacturing overhead costs.

Answer rating: 100% (QA)

ANSWER Lets break down each question one by one Durand Incs period costsPeriod costs are costs that are not directly tied to the production of goods o... View the full answer