Homework Answers
Correct answer---(A) $7.93
Working
|
Direct material Used |
$ 2,69,000.00 |
|
Direct labor |
$ 1,53,000.00 |
|
Manufacturing overhead applied |
$ 1,30,500.00 |
|
Total Manufacturing cost' |
$ 5,52,500.00 |
|
Wouk in process Beginning |
$ 62,000.00 |
|
Total work in process |
$ 6,14,500.00 |
|
Work in process Ending |
$ 52,350.00 |
|
Cost of Goods manufactured |
$ 5,62,150.00 |
|
Units produced |
70900 |
|
Cost per unit (562150/70900) |
$ 7.93 |
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16. Reed Productions has provided the following information for the year Direct Labor Beginning Work- in-Process...
Arturo Manufacturing, Inc. provided the following information for the year: Beginning Balancelong dash—Work-in-Process Inventory $150,000 Ending...
Arturo Manufacturing, Inc. provided the following information for the year: Beginning Balancelong dash—Work-in-Process Inventory $150,000 Ending Balancelong dash—Work-in-Process Inventory 62,500 Beginning Balancelong dash— Direct Materials 269,000 Ending Balancelong dash— Direct Materials 53,700 Purchases long dash— Direct Materials 133,000 Direct Labor 74,380 Indirect Materials 52,350 Indirect Labor 132,500 Depreciation on Factory Plant and Equipment 72,160 Plant Utilities and Insurance 70,980 How much is the cost of goods manufactured?
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning...
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance—Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $28,000 55,000 84,000 60,000 356,000 470,000 20,000 24,000 269,000 What was the amount of the cost of goods manufactured for the year? O A. $1,366,000 OB. $1,136,000 OC. $1,190,000 OD $1,163,000
Quinton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning...
Quinton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance-Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $27,000 56,000 80,000 60,000 361,000 469,000 20,000 23,000 268,000 What was the total manufacturing costs incurred during the year? O A. $1,161,000 OB. $850,000 OC. $692,000 OD. $311,000
List: Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
Beginning work in process inventory Ending work in process inventory Direct materials used Direct labor used...
Beginning work in process inventory Ending work in process inventory Direct materials used Direct labor used Total factory overhead $ 37,900 39,300 167,000 105,000 83,100 Stellar Corporation's cost of goods manufactured for the year is: Multiple Choice O $355,100. 3055,100 $356,500 O 8 O $393,000 O O $315,800 O $353,700
Am I correct ? Payton Corporation provided the following information for the year: Beginning Balance-Work-in-Process Inventory...
Am I correct ?
Payton Corporation provided the following information for the year: Beginning Balance-Work-in-Process Inventory Ending Balance -Work-in-Process Inventory Beginning Balance-Direct Materials $26,000 55,000 Ending Balance- Direct Materials Purchases Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance 81,000 59,000 360,000 471,000 19,000 24,000 268,000 What was the amount of the cost of goods manufactured for the year? O A. $1,193,000 OB. $1,164,000 ??. $1,135,000 D. $1,363,000
Ranger Productions experienced the following costs during the year: Direct materials $1.50 per unit Direct labor...
Ranger Productions experienced the following costs during the year: Direct materials $1.50 per unit Direct labor $2.60 per unit Variable manufacturing overhead $1.20 per unit Variable selling costs $4.40 per unit Fixed manufacturing overhead $84,000 Fixed selling costs $32,000 Fixed administrative costs $15,000 During the year, the company manufactured 65,000 units and sold 62,000 units. The unit cost is the same throughout the year. Beginning inventory is zero. How much will the company report as total variable product costs on...
Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct...
Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $30,000 Work in process 50,000 Ending inventory: Direct materials $16,400 Work in process 23,600 > During the year, direct materials purchases amounted to $254,800, direct labor cost was $166,800, and overhead cost was $300,000. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production 2. Calculate the cost of goods manufactured Calculate the unit manufacturing cost....
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
Givenue TUHUWilliy udla. Live Me Twilig ald. Work in process, beginning Work in process, ending Direct...
Givenue TUHUWilliy udla. Live Me Twilig ald. Work in process, beginning Work in process, ending Direct labor costs Cost of goods manufactured Factory overhead $14,000 20,000 4,000 8,000 8,000 Direct materials used is Oa. $4,000 Ob. $8,000 Oc. $2,000 Od. $14,000
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance—Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $28,000 55,000 84,000 60,000 356,000 470,000 20,000 24,000 269,000 What was the amount of the cost of goods manufactured for the year? O A. $1,366,000 OB. $1,136,000 OC. $1,190,000 OD $1,163,000
Quinton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance-Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $27,000 56,000 80,000 60,000 361,000 469,000 20,000 23,000 268,000 What was the total manufacturing costs incurred during the year? O A. $1,161,000 OB. $850,000 OC. $692,000 OD. $311,000
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
Beginning work in process inventory Ending work in process inventory Direct materials used Direct labor used Total factory overhead $ 37,900 39,300 167,000 105,000 83,100 Stellar Corporation's cost of goods manufactured for the year is: Multiple Choice O $355,100. 3055,100 $356,500 O 8 O $393,000 O O $315,800 O $353,700
Am I correct ?
Payton Corporation provided the following information for the year: Beginning Balance-Work-in-Process Inventory Ending Balance -Work-in-Process Inventory Beginning Balance-Direct Materials $26,000 55,000 Ending Balance- Direct Materials Purchases Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance 81,000 59,000 360,000 471,000 19,000 24,000 268,000 What was the amount of the cost of goods manufactured for the year? O A. $1,193,000 OB. $1,164,000 ??. $1,135,000 D. $1,363,000
Ranger Productions experienced the following costs during the year: Direct materials $1.50 per unit Direct labor $2.60 per unit Variable manufacturing overhead $1.20 per unit Variable selling costs $4.40 per unit Fixed manufacturing overhead $84,000 Fixed selling costs $32,000 Fixed administrative costs $15,000 During the year, the company manufactured 65,000 units and sold 62,000 units. The unit cost is the same throughout the year. Beginning inventory is zero. How much will the company report as total variable product costs on...
Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $30,000 Work in process 50,000 Ending inventory: Direct materials $16,400 Work in process 23,600 > During the year, direct materials purchases amounted to $254,800, direct labor cost was $166,800, and overhead cost was $300,000. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production 2. Calculate the cost of goods manufactured Calculate the unit manufacturing cost....
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
Givenue TUHUWilliy udla. Live Me Twilig ald. Work in process, beginning Work in process, ending Direct labor costs Cost of goods manufactured Factory overhead $14,000 20,000 4,000 8,000 8,000 Direct materials used is Oa. $4,000 Ob. $8,000 Oc. $2,000 Od. $14,000
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