CRITICAL THINKING

this module, you are introduced to the two primary costing systems that organizations use to trace and allocate costs to various jobs and departments. Choosing the proper costing system is a top management decision that can have a significant financial impact on any company. Costing systems offer a granular view of how much money is being spent by an organization as it produces goods and services.

: Applying Managerial Accounting Concepts to the Manufacturing Industry Complete the following questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements. (All amounts in SAR except units.)

Given the following information for Dorttmund Corporation:
Advertising costs	320,000
Office rent	240,000
Direct materials	800,000
Delivery vehicle depreciation	90,000
Factory repair and maintenance	420,000
Sales salary	510,000
Indirect labor	220,000
Manufacturing equipment depreciation	180,000
Administrative salaries	360,000
President's salary	700,000
Sales revenue	5,200,000
Indirect materials	190,000
Direct labor	1,500,000
Machine hours	2,000
Direct Labor hours	10,000
Machine hours per unit	3
Direct labor hours per unit	6
Direct materials per unit	?
Units manufactured	500
Units sold	350

1. Identify (list) and total period costs
2. Calculate overhead per unit based on machine hours
3. Calculate total product costs for units manufactured
4. Calculate total cost of goods sold
5. Prepare income statement in good form assuming no beginning inventory

You must show all your work for credit.