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    1. Digital Tunes Inc.'s income statement for December 2010 shows net income of $3,300,000. Gross profit was $10,412,500 on $13,600,000 in sales. Expenses included marketing of $1,700,000, media campaigns of $4,000,000, shipping of $212,500 and administration of $1,200,000. 2. Jackson Company's cost of goods manufactured statement for January 20XX shows a cost of $191,800. This included direct materials consumed of $108,175, direct labor of $78,000 and factory overhead of $44,200. Work in process was $7,500 at the beginning and $

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    P5 8

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    1. Digital Tunes Inc.'s income statement for December 2010 shows net income of $3,300,000. Gross profit was $10,412,500 on $13,600,000 in sales. Expenses included marketing of $1,700,000, media campaigns of $4,000,000, shipping of $212,500 and administration of $1,200,000. 2. Jackson Company's cost of goods manufactured statement for January 20XX shows a cost of $191,800. This included direct materials consumed of $108,175, direct labor of $78,000 and factory overhead of $44,200. Work in process was $7,500 at the beginning and $

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    1. Digital Tunes Inc.'s income statement for December 2010 shows net income of $3,300,000. Gross profit was $10,412,500 on $13,600,000 in sales. Expenses included marketing of $1,700,000, media campaigns of $4,000,000, shipping of $212,500 and administration of $1,200,000. 2. Jackson Company's cost of goods manufactured statement for January 20XX shows a cost of $191,800. This included direct materials consumed of $108,175, direct labor of $78,000 and factory overhead of $44,200. Work in process was $7,500 at the beginning and $

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    44 views4 pages

    P5 8

    Uploaded by

    laurentinus fika
    1. Digital Tunes Inc.'s income statement for December 2010 shows net income of $3,300,000. Gross profit was $10,412,500 on $13,600,000 in sales. Expenses included marketing of $1,700,000, media campaigns of $4,000,000, shipping of $212,500 and administration of $1,200,000. 2. Jackson Company's cost of goods manufactured statement for January 20XX shows a cost of $191,800. This included direct materials consumed of $108,175, direct labor of $78,000 and factory overhead of $44,200. Work in process was $7,500 at the beginning and $

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    1.

    ) Income Statement

    Digital Tunes Inc.


    Income Statement
    For The Month Ending December 31, 2010

    Sales 13,600,000
    Less cost of goods sold 3,187,500

    Gross profit 10,412,500


    Less commercial expenses:
    Marketing expense 1,700,000
    Media Campaign expense 4,000,000
    Shipping expense 212,500
    Administrative Expense 1,200,000 7,112,500
    Income from operations 3,300,000
    Less provision for income tax -

    Net Income 3,300,000

    # Perhitungan Sales
    = 850.000 x $16
    = $13.600.000

    # Perhitungan COGS
    Jumlah Terjual Pengali Total
    Direct Labor 850,000 0.25 212,500
    Direct Material 850,000 3.00 2,550,000
    FOH Applied 1,200 354.17 425,000
    COGS 3,187,500

    Shipping Expense = 850.000 x 0,25 FOH Applied/ Unit = 850.000/ 2.400


    = 212,500 = 354.167

    2.) a. Balance Work In Process


    Jumlah WIP Pengali Total
    Direct Labor - 0.00 -
    Direct Material 25,000 3.00 75,000
    FOH Applied 1,200 10.42 12,500
    Balance WIP 87,500

    FOH Applied/ Unit = 25.000/ 2.400


    = 354.167

    2.) a. Balance Finished Goods


    Jumlah Finishe Pengali Total
    Direct Labor 150,000 0.25 37,500
    Direct Material 150,000 3.00 450,000
    FOH Applied 1,200 62.50 75,000
    Balance Finished Goods 562,500

    FOH Applied/ Unit = 150.000/ 2.400


    = 62.5
    Transaksi Keterangan Akun Debit Kredit
    a. Materials 115,020
    Account Payable 115,020

    c. Work In Process 78,000


    Payroll 78,000
    Job 101 (2.500 x 8 = 20.000)
    Job 102 (4.000 x 10 = 40.000)
    Job 103 (3.000 x 6 = 18.000)
    FOH 12,000
    Payroll 12,000
    Marketing & Salaries Expense 20,000
    Payroll 20,000

    d. Work In Process 108,175


    Materials 108,175
    FOH 7,520
    Materials 7,520

    e. Work In Process 42,750


    FOH Applied 42,750

    f. Finished Goods 190,350


    Work In Process 190,350
    Account Receivable 255,000
    Sales 255,000
    Cost of Goods Sold 190,350
    Finished Goods 190,350

    h. Marketing & Administrative Expense 15,000


    Cash 15,000
    FOH 24,680
    Cash 24,680

    i. Account Payable 85,000


    Cash 85,000

    j. Cost of Goods Sold 1,450


    FOH Applied 1,450
    WIP Job 101 WIP Job 102
    Debit Kredit Debit Kredit
    Saldo Awal 5,500 88,350 Finished Goods Saldo Awal 2,000 102,000 Finished Goods
    DM 51,600 DM 42,000
    DL 20,000 DL 40,000
    FOH Applied 11,250 FOH Applied 18,000
    Total Cost 88,350 88,350 Total Cost 102,000 102,000
    Saldo Akhir - - Saldo Akhir - -

    WIP Job 103


    Debit Kredit
    Saldo Awal -
    DM 14,575
    DL 18,000
    FOH Applied 13,500
    Total Cost 46,075 -
    Saldo Akhir 46,075 -
    Jackson Company
    Cost of Goods Manufactured Statement
    For The Month Ending Januari 31, 20XX

    Direct Materials
    Materials inventory, beginning 22,000
    Purchases of raw materials 115,020
    Material available for use 137,020
    Less: Materials inventory, ending 21,325
    Indirect Material used 7,520 28,845
    Direct Material Consumed 108,175
    Direct Labor 78,000
    Factory Overhead
    Payroll 12,000
    Indirect Materials 7,520
    Depreciation 2,000
    Misc. FOH 22,680 44,200
    Total Manufacturing Cost 230,375
    Add WIP beginning 7,500
    Less WIP ending - 46,075
    COGM (Cost of Goods Manufactured) 191,800

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