Widget Maker Manufacturing uses job costing. In May, material requisitions were $ 44 comma 500$44,500 ($...
Widget Maker Manufacturing uses job costing. In May, material requisitions were
$ 44 comma 500$44,500
($ 39 comma 900$39,900
of these were direct materials), and raw material purchases were
$ 58 comma 100$58,100.
The end of month balance in raw materials inventory was
$ 25 comma 300$25,300.
What was the beginning raw materials inventory balance?
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Widget Maker Manufacturing uses job costing. In May, material
requisitions were
$ 44 comma 500$44,500
($...
32. Question 32 2 pts Nemec Manufacturing uses job costing. In May, material requisitions were $44,000...
32.
Question 32 2 pts Nemec Manufacturing uses job costing. In May, material requisitions were $44,000 ($39,000 of these were direct materials), and raw material purchases were $60,000. The end of month balance in raw materials inventory was $24,300. What was the beginning raw materials inventory balance? O $23,000 $74,700 $8,300 O $45,300
The Hemingway Company uses job costing. In April, material requisitions of $44,000 were issued. Materials purchases...
The Hemingway Company uses job costing. In April, material requisitions of $44,000 were issued. Materials purchases totaled $56,600. The ending balance in raw materials inventory was $18,400. The beginning balance was: $25,600.00 $5,800.00 $31,000.00 None of the above.
minstrel manufacturing uses a job order costing system. during one month, minstrel purchased $216,000 of raw...
minstrel manufacturing uses a job order costing system. during one month, minstrel purchased $216,000 of raw materials on credit; issued materials to production of $210,000 of which $34,500 were indirect. Minstrel incurred a factory payroll of $159,000, of which $44,500 was indirect labor. Minstrel uses a predetermined overhead application rate 150% of direct labor cost. Minstrel's beginning and ending work in process inventory are $17,000 and $30,000 respectively. Compute the cost if product transferred to finished goods inventory:
1. Hahn Signage Co. produces customized billboards and neon signs. The company uses a job costing...
1. Hahn Signage Co. produces customized billboards and neon signs. The company uses a job costing system for costing its products. The following information is available for the month of March Cost incurred Job Added in March Direct materials Direct labour March1 Status at March 31 NS-Astarspa $25,320 SS-SamCafe BB-BobHotel BB-Alta.vac $2,500 $2,952 Completed and sold 850 10,500 3,240Completed but not sold 3,348Not completed 12,500 500 900 10440 Started and not completed Direct materials inventory Balance, March1 March purchases Balance,...
Part 1 Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $216,000...
Part 1 Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $216,000 of raw materials on credit; issued materials to production of $210,000 of which $34,500 were indirect. Minstrel incurred a factory payroll of $159,000, paid in cash, of which $44,500 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,000 and $30,000 respectively. Compute the cost of product transferred...
Voltus Communications, a manufacturer of communications equipment, uses a job costing system. Manufacturing overhead is applied...
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The following account balances at the beginning of January were selected from the general ledger of...
The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: Work in process inventory $0 Raw materials inventory $ 28 comma 400$28,400 Finished goods inventory $ 40 comma 500$40,500 Additional data: 1. Actual manufacturing overhead for January amounted to $67,400. 2. The total direct labor cost for January was $63,700. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $248,000...
Babb Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as...
Babb Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 11,100 $ 15,700 Work in process $ 32,200 $ 14,100 Finished goods $ 101,000 $ 120,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 17,700 machine-hours and incur...
Babb Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as...
Babb Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 11,000 $ 15,400 Work in process $ 32,300 $ 14,000 Finished goods $ 102,000 $ 125,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 17,100 machine-hours and incur...
Week 5 Job Costing The Fine Manufacturing Company uses job order costing system. The company uses...
Week 5 Job Costing The Fine Manufacturing Company uses job order costing system. The company uses machine hours to apply overhead cost to jobs. At the beginning of 2019, the company estimated that 150,000 machine hours would be worked and $900,000 overhead cost would be incurred during 2012. The balances of raw materials, work in process (WIP), and finished goods at the beginning of 2012 were as follows: Raw materials: $40,000 Work in process: $30,000 Finished goods: $60,000 The Fine...
32.
Question 32 2 pts Nemec Manufacturing uses job costing. In May, material requisitions were $44,000 ($39,000 of these were direct materials), and raw material purchases were $60,000. The end of month balance in raw materials inventory was $24,300. What was the beginning raw materials inventory balance? O $23,000 $74,700 $8,300 O $45,300
1. Hahn Signage Co. produces customized billboards and neon signs. The company uses a job costing system for costing its products. The following information is available for the month of March Cost incurred Job Added in March Direct materials Direct labour March1 Status at March 31 NS-Astarspa $25,320 SS-SamCafe BB-BobHotel BB-Alta.vac $2,500 $2,952 Completed and sold 850 10,500 3,240Completed but not sold 3,348Not completed 12,500 500 900 10440 Started and not completed Direct materials inventory Balance, March1 March purchases Balance,...
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