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 costs	18,000
Administrative salaries	39,000
Delivery vehicle depreciation	12,000
Factory repair and maintenance	55,000
Indirect labor	48,000
Indirect materials	23,000
Manufacturing equipment depreciation	18,000
Office rent	24,000
President’s salary	150,000
Sales revenue	1,000,000
Sales salary	120,000
Direct materials	140,000
Direct labor (10,000 hours)	250,000
Machine hours	1,600
Machine hours per unit	4
Direct labor hours per unit	4
Direct materials per unit	?
Units manufactured	400
Units sold	375

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

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