CRITICAL THINKING ASSIGNMENT: Applying Managerial Accounting Concepts to the Manufacturing Industry
I need your help for solving the below question
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
Identify (list) and total period costs
Calculate overhead per unit based on machine hours
Calculate total product costs for units manufactured
Calculate total cost of goods sold
Prepare income statement in good form assuming no beginning inventory
You must show all your work for credit.
