QS 14-8 Manufacturing cost flows LO C5
Compute the total manufacturing cost for a manufacturer with the following information
Homework Answers
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| Total manufacturing cost is computed as: | |
| Direct material used | $ 65,000 |
| Direct labor used | $ 13,200 |
| Manufacturing overhead | $ 14,300 |
| Total manufacturing costs | $ 92,500 |
| Workings: | |
| Factory supervisor salary | $ 8,600 |
| Depreciation expense - Factory building | $ 4,000 |
| Indirect materials | $ 1,700 |
| Manufacturing overhead | $ 14,300 |
Exercise 14-16 Cost flows in manufacturing LO C5
Exercise 14-16 Cost flows in manufacturing LO C5The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the input boxes.
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods...
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 340,000 86,500 72,900 932,800 304,000 Cost of Goods Sold is Computed as: Cost of goods sold 2 . value: 1.50 points QS 14-10 Cost of...
QS 16-8 Computing cash flows from investing LO P3
QS 16-8 Computing cash flows from investing LO P3Sale of short-term investnents$2,200Cash colleotions from customers5,800Purchase of used equipment1,900Depreciation expense700Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
QS 14-10 Cost of goods manufactured LO P2 Prepare the 2015 schedule of cost of goods...
QS 14-10 Cost of goods manufactured LO P2 Prepare the 2015 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2014 Work in process, Dec. 31, 2015 $ 202,500 67,500 29,200 166,000 149,500 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2015 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0
QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period...
QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $350,000 85,500 75,000 949,900 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using...
QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 376,000 85,000 72,900 927,100 334,000 Cost of Goods Sold is Computed as: Cost of goods available for sale Cost of goods sold $ 0
QS 12-8 Computing cash flows from Investing LO P3 $ 3.800 Sale of short-term investments Cash...
QS 12-8 Computing cash flows from Investing LO P3 $ 3.800 Sale of short-term investments Cash collections from customers Purchase of used equins Depreciation expense Compute cash flows from investing activites using the above company Information (Amounts to be deducted should be indicated by a minus sign) o 1o 19 fo Investing Activities
QS 16-12 Computing cash flows from investing LO P3
QS 16-12 Computing cash flows from investing LO P3 Sale of short-term stock investments$6,000Cash collections from customers16,000Purchase of used equipment5,000Depreciation expense2,000Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
QS 16-10 Computing cash flows from financing LO P3 Additional short-term borrowings Purchase of short-term investments...
QS 16-10 Computing cash flows from financing LO P3 Additional short-term borrowings Purchase of short-term investments Cash dividends paid Interest paid $ 77,000 19,300 61,800 30,900 DOR Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indi a minus sign.) Financing Activities $ < Prey 7 of 14 !!! Next >
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4...
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $86, the standard price is $85.50 per pound. How many pounds of material were used in the current period? Actual pounds used pounds
Exercise 14-16 Cost flows in manufacturing LO C5The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the input boxes.
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 340,000 86,500 72,900 932,800 304,000 Cost of Goods Sold is Computed as: Cost of goods sold 2 . value: 1.50 points QS 14-10 Cost of...
QS 14-10 Cost of goods manufactured LO P2 Prepare the 2015 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2014 Work in process, Dec. 31, 2015 $ 202,500 67,500 29,200 166,000 149,500 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2015 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0
QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $350,000 85,500 75,000 949,900 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 376,000 85,000 72,900 927,100 334,000 Cost of Goods Sold is Computed as: Cost of goods available for sale Cost of goods sold $ 0
QS 12-8 Computing cash flows from Investing LO P3 $ 3.800 Sale of short-term investments Cash collections from customers Purchase of used equins Depreciation expense Compute cash flows from investing activites using the above company Information (Amounts to be deducted should be indicated by a minus sign) o 1o 19 fo Investing Activities
QS 16-10 Computing cash flows from financing LO P3 Additional short-term borrowings Purchase of short-term investments Cash dividends paid Interest paid $ 77,000 19,300 61,800 30,900 DOR Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indi a minus sign.) Financing Activities $ < Prey 7 of 14 !!! Next >
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $86, the standard price is $85.50 per pound. How many pounds of material were used in the current period? Actual pounds used pounds
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