Answer:
Schedule of cost of goods manufactured :
Direct material used | ||
Beginning direct material | 86000 | |
Direct material purchase | 971000 | |
Direct material available for use | 1057000 | |
Less :Ending direct material | -130000 | |
Direct material used | 927000 | |
Direct labour | 758000 | |
Manufacturing overhead | ||
Insurance | 58600 | |
Depreciation | 24100 | |
Indirect labour | 216000 | |
Utilities | 15600 | |
Property tax | 16300 | |
Total manufacturing overhead | 330600 | |
Total manufacturing cost | 2015600 | |
Beginning work in process | 149000 | |
Total cost of work in process | 2164600 | |
Less: Ending wwork in process | -99000 | |
Cost of goods manufactured | 2065600 |
Vaughn Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Vaughn's CFO, has presented you...
Vaughn Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Vaughn's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 86,000 Direct Materials Inventory, ending $ 130,000 Work in Process Inventory, beginning $ 149,000 Work in Process Inventory, ending $ 99,000 Direct labor $ 758,000 Direct materials purchases $971.000 Insurance, factory $ 58,600 Depreciation, factory $ 24,100 Depreciation, executive offices $ 10,900 Indirect labor $ 216,000 Utilities, factory $ 15,600 Utilities, executive offices $...
Sunland Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Sunland's CFO, has present you with the following cost information: Direct Materials Inventory, beginning $ 81,000 Direct Materials Inventory, ending $ 130,000 Work in Process Inventory, beginning $ 149,000 Work in Process Inventory, ending $ 97,500 Direct labor $ 783,000 Direct materials purchases $ 941,000 Insurance, factory $ 51,000 Depreciation, factory $ 29,500 Depreciation, executive offices $ 12,500 Indirect labor $ 227,000 Utilities, factory $ 17,200 Utilities, executive offices...
Bonita Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Bonita's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 88,000 Direct Materials Inventory, ending $ 127,000 Work in Process Inventory, beginning $ 147,000 Work in Process Inventory, ending $ 97,500 Direct labor $ 787,000 Direct materials purchases $ 982,000 Insurance, factory $ 57,600 Depreciation, factory $ 20,800 Depreciation, executive offices $ 15,500 Indirect labor $ 214,000 Utilities, factory $ 19,500 Utilities, executive offices...
Concord Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Concord's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 86,000 Direct Materials Inventory, ending $126,000 Work in Process Inventory, beginning $ 178,000 Work in Process Inventory, ending $ 96,400 Direct labor $ 781,000 Direct materials purchases $952,000 Insurance, factory $ 53,800 Depreciation, factory $ 29,700 Depreciation, executive offices $ 18,400 Indirect labor $ 226,000 Utilities, factory $ 15,400 Utilities, executive offices $ 8,000...
Exercise 46 Waterway Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Waterway's CFO, has presented you with the following cost information: Direct Materals Inventory, beginning 83,000 Direct Materials Inventory, ending $129,000 Work in Process Inventory, beginning $154,000 Work in Process Inventory, ending $96,500 Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $797,000 960,000 车 52,400 24,000 10,700 215,000 18,600 $...
Your answer is partially correct. Coronado Company produces small gasoline-powered engines for model airplanes, Mr. Clemens, Coronado's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 83,000 Direct Materials Inventory, ending $ 122,000 Work in Process Inventory, beginning $ 160,000 Work in Process Inventory, ending $ 98,200 Direct labor $760,000 Direct materials purchases $ 947.000 Insurance, factory $ 59,400 Depreciation, factory $ 24,300 Depreciation, executive offices $ 15,400 Indirect labor $ 228,000 Utilities, factory $...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $413,000 $ 73,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 21,300...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 413,000 $...
The problem is on the first picture and you insert the answers into the second picture. Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 2014. Beginning raw materials inventory Raw materials purchased (net) Ending raw materials inventory Direct labor costs Indirect materials Indirect labor Factory utilities Factory depreciation Property taxes on office building only Property taxes on factory building only Property insurance on factory building only Factory maintenance Depreciation...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs incurred: Property taxes, factory $ 2,900 Utilities, factory 4,900 Indirect labor 10,000 Depreciation, factory 23,900 Insurance, factory 5,800 Total actual manufacturing overhead costs $ 47,500 Other costs incurred: Purchases of raw materials $ 31,900 Direct labor cost $ 40,400 Inventories: Raw materials, beginning $ 8,700 Raw materials, ending $ 6,700 Work in process, beginning $ 5,700 Work in process, ending...