You and Mr. Wood attend a meeting of the hospital’s public relations (PR) committee. This PR committee wants to initiate an in-house and
October 18, 2020
Portfolium Critique
October 18, 2020

job order costing 3

Applying Managerial Accounting Concepts to the Service Industry (100 points):

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

Given the following information for Riyadh Corporation:
Advertising costs18,000
Administrative salaries39,000
Delivery vehicle depreciation12,000
Factory repair and maintenance55,000
Indirect labor48,000
Indirect materials23,000
Manufacturing equipment depreciation18,000
Office rent24,000
President’s salary150,000
Sales revenue1,000,000
Sales salary120,000
Direct materials140,000
Direct labor (10,000 hours)250,000
Machine hours1,600
Machine hours per unit4
Direct labor hours per unit4
Direct materials per unit?
Units manufactured400
Units sold375
  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
  6. You must show all your work

 

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