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L15.2030 - Cost Accounting (2025/2026)
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Please consider the following costs:
- Depreciation on the packaging machines in a manufacturing company
- Depreciation on the computer equipment used by the administrative department
- Lettuce and tomatoes purchased for resale by a retailer company
- Salaries of the marketing department in a service company
Which of these costs are inventoriable costs?
If the contribution margin ratio is 0.25, targeted operating income is $39169, and targeted sales volume in dollars is $250000, then total fixed costs are:
A local accounting firm employs 20 full-time professionals. The budgeted annual compensation per employee is $40247. The average chargeable time is 500 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis.
Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $787500, and the firm expects to have 90 clients during the coming year.
If ten clients are lost and the workforce stays at 20 employees, then the direct labor cost rate per hour is:
Company Ex incurred fixed manufacturing costs of $16000 during 20x4. Other information for 20x4 includes:
Budgeted denominator level | 2000 | units |
| Total units produced | 2115 | units |
| Total units sold | 1900 | units |
| Variable cost per unit | 4 | $ |
| Beginning inventory | 0 |
Company Ex manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $18 per direct labor-hour. The following data are obtained from the accounting records for June 20x3 (amounts in US$):
Direct materials | 140000 |
| DL (4000 hours @ $10/hour) | 40000 |
| Indirect labor | 13201 |
| Plant facility rent | 30000 |
| Depreciation on plant mach and equipment | 22500 |
| Sales comissions | 24000 |
| Administrative expenses | 28000 |
Company Ex sells only two products, Product A and Product B.
| Selling price | VC p/unit | |
| Product A | 40 | 24 |
| Product B | 50 | 40 |
Beginning WIP inventory | 20000 |
| Ending WIP inventory | 23000 |
| Beginning finished goods inventory | 36000 |
| Ending finished goods inventory | 34000 |
| Cost of goods manufactured | 203992 |
| Sales | 300000 |
- Budgeted level of production: 23000
- Units produced in January: 18400
- Units sold in January: 13800
- Inventory, January 1st: 0 units
Company X employs 4 designers and 6 accounts managers. Direct and indirect costs are applied on a professional labor-hour basis that includes both designers and account managers. Company X presented the following information:
Budget:- Indirect costs: $300000
- Annual salary of each designer: $90000
- Annual salary of each account manager: $60000
- Total professional hours: 15000
Company X presents the following information:
- Cost of goods sold: $23000
- Finished goods inventory, January 1st: $11500
- Finished goods inventory, January 31st: $4600
- Work in progress inventory, January 1st: $6900
- Work in progress inventory, January 31st: $3450
Based on this information, determine the total amount of manufacturing costs for the period.