Homework Answers
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Cost of Goods manufactured = Beginning wip + Manufacturing costs - Ending wip = 50,000 + (5500+12500+26500) - 37000 = 57500 Option C |
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Question 49 2015 Use the cost information below for Ruiz, Inc. to determine cost of goods...
Question 49 23 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year...
Question 49 23 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year $ 50,000 37.000 5,500 Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used 12,500 26,500 $13,000 $44,500 $57,500 $94,500 $52,000 rused are traceable to specifcunsar Question 42 Kayak Company uses a job order costing system and allocate its head on teiste labor costs. Kayak Company's production costs for the year...
Question 49 2 pts Use the cost information below for Ruiz, Inc. to determine cost of...
Question 49 2 pts Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year Work in Process, January 1 Work in Process, December 31 $ 50,000 37,000 Total factory overhead 5,500 Direct materials used 12,500 Direct labor used 26,500 O$13,000. O $44,500 O$57,500 O$94,500 O $52,000 Used are traceable to specific units of Question 42 Kayak Company uses a job order costing system and allocates its overheadon the basis f re labor costs....
Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:...
Using the information
below for Singing Dolls, Inc., determine cost of goods manufactured
for the year:
Work
in Process, January 1
$
50,000
Work in Process,
December 31
37,000
Total Factory
overhead
5,500
Direct materials
used
12,500
Direct labor
used
26,500
Multiple Choice $57,500. $52,000. $13,000. $44,500. $94,500.
Using the information below for Talking Toys, Inc., determine cost of goods manufactured for the year: Direct materials...
Using the information below for Talking Toys, Inc., determine cost of goods manufactured for the year: Direct materials used... $12,500 process, January 1...... Goods in process, December 31. Total Factory overhead.... Direct labor used.. . . .. Goods in 50,000 37,000 5,500 26,500 $13,000. $44,500. $57,500 $94,500.
TB MC Qu. 14-148 Use the cost information below for Ruiz, Inc. to determine... Use the...
TB MC Qu. 14-148 Use the cost information below for Ruiz, Inc. to determine... Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used $ 52,200 38,100 6,600 13,600 27,600 Multiple Choice $47,800 O $55.300 $61,900 < Prev 7 of 10 Next > Help Save & Exit ect materials usea ect labor used 13,...
Cost of Goods Sold, Cost of Goods Manufacture Glenville Company has the following information for April:...
Cost of Goods Sold, Cost of Goods Manufacture Glenville Company has the following information for April: Cost of direct materials used in production $39,000 Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. 49,000 30,000 24,000 37,000 27,000 21,000 Glenville Company Statement...
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
Use the cost information below for Sundar Company to determine the cost of goods manufactured during...
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used Direct labor used Factory overhead Beginning work in process inventory Ending work in process inventory $20,300 25,800 48,600 12,000 12,600 Multiple Choice Ο $45,500. Ο $73,800. Ο $46,100. Ο Ο $94,700. $94,700. Ο $94,100.
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April:...
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $ 62,000 Direct labor 72,000 Factory overhead 23,000 Work in process inventory, April 1 50,000 Work in process inventory, April 30 39,000 Finished goods inventory, April 1 25,000 Finished goods inventory, April 30 18,000 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Glenville Company...
Cost of goods sold budget Pasadena Candle Inc. A budget of estimated unit production.budgeted production of...
Cost of goods sold budget Pasadena Candle Inc. A budget of estimated unit production.budgeted production of 785,000 candles for the year. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for the year. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during the year. If candle wax costs $1.24 per pound, determine the direct materials...
Question 49 23 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year $ 50,000 37.000 5,500 Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used 12,500 26,500 $13,000 $44,500 $57,500 $94,500 $52,000 rused are traceable to specifcunsar Question 42 Kayak Company uses a job order costing system and allocate its head on teiste labor costs. Kayak Company's production costs for the year...
Question 49 2 pts Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year Work in Process, January 1 Work in Process, December 31 $ 50,000 37,000 Total factory overhead 5,500 Direct materials used 12,500 Direct labor used 26,500 O$13,000. O $44,500 O$57,500 O$94,500 O $52,000 Used are traceable to specific units of Question 42 Kayak Company uses a job order costing system and allocates its overheadon the basis f re labor costs....
Using the information
below for Singing Dolls, Inc., determine cost of goods manufactured
for the year:
Work
in Process, January 1
$
50,000
Work in Process,
December 31
37,000
Total Factory
overhead
5,500
Direct materials
used
12,500
Direct labor
used
26,500
Multiple Choice $57,500. $52,000. $13,000. $44,500. $94,500.
Using the information below for Talking Toys, Inc., determine cost of goods manufactured for the year: Direct materials used... $12,500 process, January 1...... Goods in process, December 31. Total Factory overhead.... Direct labor used.. . . .. Goods in 50,000 37,000 5,500 26,500 $13,000. $44,500. $57,500 $94,500.
TB MC Qu. 14-148 Use the cost information below for Ruiz, Inc. to determine... Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used $ 52,200 38,100 6,600 13,600 27,600 Multiple Choice $47,800 O $55.300 $61,900 < Prev 7 of 10 Next > Help Save & Exit ect materials usea ect labor used 13,...
Cost of Goods Sold, Cost of Goods Manufacture Glenville Company has the following information for April: Cost of direct materials used in production $39,000 Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. 49,000 30,000 24,000 37,000 27,000 21,000 Glenville Company Statement...
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
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used Direct labor used Factory overhead Beginning work in process inventory Ending work in process inventory $20,300 25,800 48,600 12,000 12,600 Multiple Choice Ο $45,500. Ο $73,800. Ο $46,100. Ο Ο $94,700. $94,700. Ο $94,100.
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