Name: Date:

BE1-5

(a) Windshield. (e) Factory machinery lubricants.

(b) Engine. (f) Tires.
('c) Wages of assembly line worker. (g) Steering wheel.
(d) Depreciation of factory machinery. (h) Salary of painting supervisor.

BE1-6

(a) Manufacturing overhead. (d) Advertising expenses.

(b) Selling expenses. (e) Direct labor.
('c) Administrative expenses. (f) Direct material.
E1-2
Date: Name:

1 Salaries for assembly line inspectors.

2 Insurance on factory machines.
3 Property taxes on the factory building.
4 Factory repairs.
5 Upholstery used in manufacturing furniture.
6 Wages paid to assembly line workers.
7 Factory machinery depreciation.
8 Glue, nails, paint, and other small parts used in production.
9 Factory supervisors' salaries.
10 Wood used in manufacturing furniture.

(a) Direct materials

(b) Direct labor
('c) manufacturing overhead
production.
E1-3
Date: Name:

(a)
Material used in production
Depreciation on plant
Property taxes on store
Labor costs of assembly-line workers
Factory supplies used
Advertising expense
Property taxes on plant
Delivery expense
Sales commissions
Salaries paid to sales clerks

(b)
 E1-10

Criqui Company
Manufacturing Cost

Case A Case B Case C

Direct material used $58,400 $130,000
Direct labor $57,000 86,000
Manufacturing overhead 46,500 81,600 120,000
Total manufacturing costs 185,650 253,700
Work in process 1/1/08 16,500
Total cost of work in process 221,500 337,000
Work in process 12/31/08 11,000 70,000
Cost of goods manufactured 185,275
 AIKMAN CORPORATION
Cost of Goods Manufactured Schedule
For the year Ended June 30, 2008
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 AIKMAN CORPORATION
(Partial) Income Statement
For the year Ended June 30, 2008
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E1-13 (a)

DANNER, CHENEY, AND HOWE

Schedule of Cost of Contract Services Provided
For the Month Ended August 31, 2008
(b)

DANNER, CHENEY, AND HOWE

(a) Sassafras Company
Cost of Goods Manufactured Schedule
For the year Ended December 31, 2008
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(b) Sassafras Company
(Partial) Income Statement
For the year Ended December 31, 2008
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(c,)

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(d)
Date: 9/17/2010 Name: Deborah Harvey

Product Costs
Trans- Direct Direct Manufacturing Period
actions Cost Item Materials Labor Overhead Costs
1 Rent on factory equipment $7,000
2 Insurance on factory building 1500
3 Raw materials (plastic, polystyrene, etc.) $75,000
4 Utility costs for factory 900
5 Supplies for general office $300
6 Wages for assembly line workers $4,300
7 Depreciation on office equipment 800
8 Miscellaneous materials ( glue, thread, etc.) 1100
9 Factory manager's salary 5700
10 Property taxes on factory building 400
11 Advertising for helmets 14000
12 Sales commissions 7000
13 Depreciation on factory building 1500
Total 75000 4300 $12,400 27800

(a) Prepare an answer sheet, placing dollar amount under the approporiate headings. Total the dollar amounts in each of the colum
(b) Compute the cost to produce one helmet.-Beginning /finished Goods Inventory + Cost of Goods Manufactured - Ending Manuf
headings. Total the dollar amounts in each of the columns.
entory + Cost of Goods Manufactured - Ending Manufactured Goods Inventory =
 STELLAR MANUFACTURING COMPANY
Cost of Goods Manufactured Schedule
For the year Ended June 30, 2011
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2 Work in process inventory,7/1/2011 $ 19,800.00 2
3 Direct materials 3
4 Raw materials inventory 7/1/10 $ 48,000.00 4
5 Raw Materials purchases 96400 5
6 Total raw materials availble 144400 6
7 Less: Raw Materials inventory,6 39600 7
8 Direct materials used $ 104,800.00 8
9 Direct Labor 149250 9
10 Manufacturing Overhead 10
11 Indirect Labor 24460 11
12 Factory Repairs 1400 12
13 Factory utitlities 27600 13
14 Factory machinery depriciation 16000 14
15 Factory insurance 4600 15
16 Total manufacturing overhead $ 74,060.00 16
17 Total manufacturing costs 328110 17
18 Total work in process 347910 18
19 Less: work in process inventory, 6/30/11 18600 19
20 Cost of Goods Manufactured $ 329,310.00 20
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(a) Prepare a cost of goods manufactured schedule.
(b) Prepare an income statement through gross profit.
( c ) Prepare the current assests section of the balance sheet at June 30, 2011
 STELLAR MANUFACTURING COMPANY
(Partial) Income Statement
For the year Ended June 30, 2011
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2 Sales (net) $ 55,400.00 2
3 Cost of Goods Sold 3
4 Finsihed goods inventory,7/1/11 $ 96,000.00 4
5 Cost of Goods Manufactured 367910.00 5
6 Cost of goods available for sale $ 463,910.00 6
7 Less: Finished goods inventory, 6/30/11 95900 7
8 Cost of Goods sold 368010 8
9 165990 9
10 Gros profit 10
11 Operating Expenses 11
12 Office Utilites Expense 8650 12
13 Sales Discounts 4200 13
14 Plant manager's salary 29000 14
15 Factory Property taxes 9600 15
16 Total operating expenses 51450 16
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 STELLAR MANUFACTURING COMPANY
(Partial) Balance Sheet
30-Jun-11
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2 Current Assets 2
3 Cash $ 32,000.00 3
4 Accounts receivable 27000 4
5 Inventories 5
6 Finished goods $ 95,900.00 6
7 Work in process 18600 7
8 Raw Materials 39800 154300 8
9 Total current assets $ 213,300.00 9
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 Deglman Manufacturing Company
Cost of Goods Manufactured Schedule
For the year Ended August 31, 2011
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 Deglman Manufacturing Company
(Partial) Income Statement
For the year Ended August 31, 2011
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 Deglman Manufacturing Company
(Partial) Balance Sheet
December 31, 2011
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