Friday, 15 November 2019

Complete the following questions using Microsoft Excel. No other submission format is allowed. Review the

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 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
  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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