Homework Answers
| Direct material used | ||
| Beginning material | 7000 | |
| Material purchase | 26000 | |
| Material available for use | 33000 | |
| Less: Ending material | -3000 | |
| Direct material used | 30000 | |
| Direct labor | 8000 | |
| Factory overhead | 25000 | |
| total manufacturing cost | 63000 | |
| Beginning work in process | 5000 | |
| Total cost of work in process | 68000 | |
| Less; Ending work in process | -8000 | |
| Cost of goods manufactured | 60000 | |
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Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 1: (1 point.) The following information relates to Stevens Company for June, 20xx. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the cost of direct materials used. When entering answers in Blackboard, omit $ signs.
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 2: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the total manufacturing costs incurred during the month. When entering answers in Blackboard, omit $...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site Question 4: (1 point.) The following information relates to Abbott Company for June, 20XX. Cost of goods manufactured $90,000 Finished goods Inventory, June 1 30,000 Finished goods Inventory, June 30 40,000 Direct Labor cost 48,000 Factory overhead 25,000 Required: Calculate the cost of goods sold. When entering answers in Blackboard, omit $ signs.
Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter...
Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 5 Question 1: (2 points) Listed below are selected account balances for Fess Company for the year ended December 20x2: Merchandise Inventory, 1/1/20X2, Merchandise Inventory, 12/31/20X2 Freight-In Purchases Sales Purchase returns and allowances $8,000 10,000 4,000 100,000 140,000 2,000 15,000 Sales returns and allowances Purchase discounts 1,000 Required: Calculate the gross profit. $[a] When entering the answer in Blackboard, omit $ signs.
Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter...
Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 12 Question 1 (0.5 point) On the first day of the fiscal year, a company issues a $1,200,000, 9%, five year bond for $1,153,670. Interest is paid semiannually. Premiums and discounts on bonds payable are amortized using the straight line method. Required: On the date of issuance, for what amount would the discount on bonds payable be debited? Omit $ signs.
Chapter 23: Homework Question 1: (1 point) The following relates to Preston Company: Standard direct materials...
Chapter 23: Homework Question 1: (1 point) The following relates to Preston Company: Standard direct materials cost per unit: 2 pounds at $8.75 per pound. During the current year, Preston purchased and used 5,500 pounds of materials at a cost of $8 per pound to manufacture 2,500 units. Required: Calculate the favorable amount of the materials price variance. When entering the answer in Blackboard, omit $ signs. Chapter 23: Homework Question 2: (1 point) The following relates to Preston Company:...
UTSA.CREATINGBOLD FUTURES myLearn N 8 ACC-3123-003-Fall-2020-Cost Analysis Assignments Chapter 2 Homework (myBusiness Course) Business Course Return...
UTSA.CREATINGBOLD FUTURES myLearn N 8 ACC-3123-003-Fall-2020-Cost Analysis Assignments Chapter 2 Homework (myBusiness Course) Business Course Return to course Question 5 Incorrect Mark 0.00 out of 20.00 P Flag question EM CGM; CGS Wasik Company had the following inventory balances at the beginning and end of August August 1 August 31 Raw Material inventory 558.000 584,000 Work in Process Inventory 372.000 436,000 Finished Goods Inventory 224000 196,000 All raw material is direct to the production process. The following information is also...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE SCREENSHOTS ARE FOR TO HELP YOU...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE
SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE
BEFORE :D
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...
Chapter 2 Homework eBook Calculator Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards...
Chapter 2 Homework eBook Calculator Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials June 1 Requisitions (A) Balance Purchases 30,200 June 30 121,200 June 30 June 1 Completed jobs (F) Balance Materials Work in Process (B) June 30 (c) (D) June 30 June 30 Direct labor Factory overhead applied June 30 (EX Finished Goods June...
BUS2102-Spring 2019-Chapter 2 Fun & Exciting Exercises Always show your work when doing fun & exciting...
BUS2102-Spring 2019-Chapter 2 Fun & Exciting Exercises Always show your work when doing fun & exciting exercises! Question 1) Supply the missing data in the four cases below. Each case is independent of the others. Case ICase 2 Case 3 Case 4 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured S 14000 5 9,000,$6.000 4,000 20,000 4,000 G 25,000-13K $ 8,000 5,000 31,000 7,000 18,00o...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 1: (1 point.) The following information relates to Stevens Company for June, 20xx. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the cost of direct materials used. When entering answers in Blackboard, omit $ signs.
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 2: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the total manufacturing costs incurred during the month. When entering answers in Blackboard, omit $...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site Question 4: (1 point.) The following information relates to Abbott Company for June, 20XX. Cost of goods manufactured $90,000 Finished goods Inventory, June 1 30,000 Finished goods Inventory, June 30 40,000 Direct Labor cost 48,000 Factory overhead 25,000 Required: Calculate the cost of goods sold. When entering answers in Blackboard, omit $ signs.
Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 5 Question 1: (2 points) Listed below are selected account balances for Fess Company for the year ended December 20x2: Merchandise Inventory, 1/1/20X2, Merchandise Inventory, 12/31/20X2 Freight-In Purchases Sales Purchase returns and allowances $8,000 10,000 4,000 100,000 140,000 2,000 15,000 Sales returns and allowances Purchase discounts 1,000 Required: Calculate the gross profit. $[a] When entering the answer in Blackboard, omit $ signs.
Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 12 Question 1 (0.5 point) On the first day of the fiscal year, a company issues a $1,200,000, 9%, five year bond for $1,153,670. Interest is paid semiannually. Premiums and discounts on bonds payable are amortized using the straight line method. Required: On the date of issuance, for what amount would the discount on bonds payable be debited? Omit $ signs.
UTSA.CREATINGBOLD FUTURES myLearn N 8 ACC-3123-003-Fall-2020-Cost Analysis Assignments Chapter 2 Homework (myBusiness Course) Business Course Return to course Question 5 Incorrect Mark 0.00 out of 20.00 P Flag question EM CGM; CGS Wasik Company had the following inventory balances at the beginning and end of August August 1 August 31 Raw Material inventory 558.000 584,000 Work in Process Inventory 372.000 436,000 Finished Goods Inventory 224000 196,000 All raw material is direct to the production process. The following information is also...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE
SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE
BEFORE :D
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...
Chapter 2 Homework eBook Calculator Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials June 1 Requisitions (A) Balance Purchases 30,200 June 30 121,200 June 30 June 1 Completed jobs (F) Balance Materials Work in Process (B) June 30 (c) (D) June 30 June 30 Direct labor Factory overhead applied June 30 (EX Finished Goods June...
BUS2102-Spring 2019-Chapter 2 Fun & Exciting Exercises Always show your work when doing fun & exciting exercises! Question 1) Supply the missing data in the four cases below. Each case is independent of the others. Case ICase 2 Case 3 Case 4 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured S 14000 5 9,000,$6.000 4,000 20,000 4,000 G 25,000-13K $ 8,000 5,000 31,000 7,000 18,00o...
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