Q1: The following information relates to ALFAHD Corporation (AMOUNTS IN SAUDI RI

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Q1: The following information relates to ALFAHD Corporation (AMOUNTS IN SAUDI RIYAL) Advertising Costs SR12,470 Administrative Salaries 28,700 Delivery Vehicle Depreciation 1,000 Factory Repair and Maintenance 910 Indirect Labor 11,700 Indirect Materials 9,360 Manufacturing Equipment Depreciation 2,080 Office Rent 42,300 President's Salary 60,000 Sales Revenue 450,000 Sales Salary 38,000
Required: How much were ALFAHD period costs and product costs? Answer: Q2: ALFAHD Manufacturing Company completed Job 1 and 2 in last month and the company uses job costing system and it uses normal costing system to apply manufacturing overhead. The cost details of Job 1and 2 are shown below:( amounts in riyal Saudi) Job 1 Direct labor cost 20,000 Direct materials cost 30,000 Machine hours used 10 Direct labor hours 50 Predetermined overhead allocation rate per direct labor hour SR 70 Job 2 Direct labor cost 25,000 Direct materials cost 35,000 Machine hours used 15 Direct labor hours 40 Predetermined overhead allocation rate per direct labor hour SR70 Required: Calculate the total job cost for Job 1 and 2 separately. Answer: Q1: The following information relates to ALFAHD Corporation (AMOUNTS IN SAUDI RIYAL) Advertising Costs SR12,470 Administrative Salaries 28,700 Delivery Vehicle Depreciation 1,000 Factory Repair and Maintenance 910 Indirect Labor 11,700 Indirect Materials 9,360 Manufacturing Equipment Depreciation 2,080 Office Rent 42,300 President's Salary 60,000 Sales Revenue 450,000 Sales Salary 38,000
Required: How much were ALFAHD period costs and product costs? Answer: Q2: ALFAHD Manufacturing Company completed Job 1 and 2 in last month and the company uses job costing system and it uses normal costing system to apply manufacturing overhead. The cost details of Job 1and 2 are shown below:( amounts in riyal Saudi) Job 1 Direct labor cost 20,000 Direct materials cost 30,000 Machine hours used 10 Direct labor hours 50 Predetermined overhead allocation rate per direct labor hour SR 70 Job 2 Direct labor cost 25,000 Direct materials cost 35,000 Machine hours used 15 Direct labor hours 40 Predetermined overhead allocation rate per direct labor hour SR70 Required: Calculate the total job cost for Job 1 and 2 separately. Answer: Q1: The following information relates to ALFAHD Corporation (AMOUNTS IN SAUDI RIYAL) Advertising Costs SR12,470 Administrative Salaries 28,700 Delivery Vehicle Depreciation 1,000 Factory Repair and Maintenance 910 Indirect Labor 11,700 Indirect Materials 9,360 Manufacturing Equipment Depreciation 2,080 Office Rent 42,300 President's Salary 60,000 Sales Revenue 450,000 Sales Salary 38,000
Required: How much were ALFAHD period costs and product costs? Answer: Q2: ALFAHD Manufacturing Company completed Job 1 and 2 in last month and the company uses job costing system and it uses normal costing system to apply manufacturing overhead. The cost details of Job 1and 2 are shown below:( amounts in riyal Saudi) Job 1 Direct labor cost 20,000 Direct materials cost 30,000 Machine hours used 10 Direct labor hours 50 Predetermined overhead allocation rate per direct labor hour SR 70 Job 2 Direct labor cost 25,000 Direct materials cost 35,000 Machine hours used 15 Direct labor hours 40 Predetermined overhead allocation rate per direct labor hour SR70 Required: Calculate the total job cost for Job 1 and 2 separately. Answer:

Explanation / Answer

1 Period costs Product costs Advertising Costs 12470 Administrative Salaries 28700 Delivery Vehicle Depreciation 1000 Factory Repair and Maintenance 910 Indirect Labor 11700 Indirect Materials 9360 Manufacturing Equipment Depreciation 2080 Office Rent 42300 President's Salary 60000 Sales Salary 38000 Total 182470 24050 Period costs = SR 182470 Product costs = SR 24050 2 Job-1 Direct labor cost 20000 Direct materials cost 30000 Overhead applied 3500 =50*70 Total cost 53500 Job-2 Direct labor cost 25000 Direct materials cost 35000 Overhead applied 2800 =40*70 Total cost 62800

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