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Saudi Electronic University Accounting For Manufacturing Industry Exam Practice

Saudi Electronic University Accounting For Manufacturing Industry Exam Practice

CRITICAL THINKING ASSIGNMENT : 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.

Below this line is My comments:

The main Book is big, so please use the link to download it. And keep it for future reference with me ??

Warren, C. S., & Tayler, W. B. (2020). Managerial accounting (15th ed.). Boston, MA: Cengage Learning. ISBN:9781337912020…

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