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1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b)...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture, Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2.200 Factory overhead: $540 Direct labor: $1.100 Beginning work in process: none (December 31, 2019) Ending work...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,300 Factory overhead: $460 Direct labor: $900 Beginning work in process: none (December 31, 2019) Ending work...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,600 Factory overhead: $510 Direct labor: $1,200 Beginning work in process: none (December 31, 2019) Ending work...
1 Che The Sebeka Company reports the following information pertaining to the month of January 5...
1 Che The Sebeka Company reports the following information pertaining to the month of January 5 points Materials Inventory Work in Process Inventory Finished Goods Inventory Ending Balance $ 15,000 30,000 50,000 Beginning Balance $ 45,000 70,000 40,000 eBook Print References During January, the company purchased $60,000 of direct materials and incurred $80.000 of direct labor costs. Total manufacturing overhead costs for the month amounted to $25000 Selling and administrative expenses amounted to $100.000 and the company's January sales amounted...
Beck Manufacturing reports the following information in T-account form for 2019. Begin. Inv. Purchases Avail. for...
Beck Manufacturing reports the following information in T-account form for 2019. Begin. Inv. Purchases Avail. for use 51,500 End. Inv. Raw Materials Inventory 10,900 45,500 56,400 DM used 4,900 Work in Process Inventory 17,200 51,500 28,300 66,000 163,000 Cost of goods manuf. 14,300 Begin. Inv. DM used Direct labor Overhead Manuf. costs 148,700 End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 17,200 148,700 165,900 Cost of Goods Sold 19,300 146,600 End. Inv. Required: 1....
12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the icon...
12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the icon to view the information) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 (in millions) Direct Materials Used Direct Materials Used 12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the...
Saved E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement [LO 2-6] Manufacturing costs for...
Saved E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement [LO 2-6] Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $22,500 of indirect material) $ 25,600 37,000 111,800 $ 276,800 23,900 41,080 122, 100 305,700 Note: The pre-determined overhead rate is 0.90...
8 Assignment Beck Manufacturing reports the following information in T-account form for 2019 Raw Materials Inventory...
8 Assignment Beck Manufacturing reports the following information in T-account form for 2019 Raw Materials Inventory Begin. Inv. 11,700 Purchases 59,000 Avail. for use 70,7ee DM used 51, eee End. Inv. 19,700 Work in Process Inventory Begin. Inv. 16,80e DM used 51,eee Direct labor 30,300 Overhead 65,500 Manuf. costs 163,600 Cost of goods 149,500 manuf End. Inv. 14,100 Finished Goods Inventory Begin. Iny. 21,100 Cost of goods manuf. 149,500 Avail. for sale 178,600 Cost of Goods Sold 158,600 End. Inv....
Beck Manufacturing reports the following information in T-account form for 2019 Begin. Inv. Purchases Avail. for...
Beck Manufacturing reports the following information in T-account form for 2019 Begin. Inv. Purchases Avail. for use 47,500 End. Inv. Raw Materials Inventory 11,800 49,500 61,300 DM used 13,800 Work in Process Inventory 14,200 47,500 33,100 61,000 155,800 Cost of goods manuf. 14,700 Begin. Inv. DM used Direct labor Overhead Manuf. costs End. Inv. 141,100 Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 19,300 141, 100 160,400 Cost of Goods Sold 19,400 End. Inv. 141,000 Required:...
Manufacturing costs for Davenport Company during 2018 were as follows: $ 25,800 37,200 112,000 $277,000 24,100...
Manufacturing costs for Davenport Company during 2018 were as follows: $ 25,800 37,200 112,000 $277,000 24,100 41,100 122,300 305,900 Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $23,500 of indirect material) Note: The pre-determined overhead rate is 0.92 (92%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2....
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture, Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2.200 Factory overhead: $540 Direct labor: $1.100 Beginning work in process: none (December 31, 2019) Ending work...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,300 Factory overhead: $460 Direct labor: $900 Beginning work in process: none (December 31, 2019) Ending work...
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,600 Factory overhead: $510 Direct labor: $1,200 Beginning work in process: none (December 31, 2019) Ending work...
1 Che The Sebeka Company reports the following information pertaining to the month of January 5 points Materials Inventory Work in Process Inventory Finished Goods Inventory Ending Balance $ 15,000 30,000 50,000 Beginning Balance $ 45,000 70,000 40,000 eBook Print References During January, the company purchased $60,000 of direct materials and incurred $80.000 of direct labor costs. Total manufacturing overhead costs for the month amounted to $25000 Selling and administrative expenses amounted to $100.000 and the company's January sales amounted...
Beck Manufacturing reports the following information in T-account form for 2019. Begin. Inv. Purchases Avail. for use 51,500 End. Inv. Raw Materials Inventory 10,900 45,500 56,400 DM used 4,900 Work in Process Inventory 17,200 51,500 28,300 66,000 163,000 Cost of goods manuf. 14,300 Begin. Inv. DM used Direct labor Overhead Manuf. costs 148,700 End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 17,200 148,700 165,900 Cost of Goods Sold 19,300 146,600 End. Inv. Required: 1....
12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the icon to view the information) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 (in millions) Direct Materials Used Direct Materials Used 12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the...
Saved E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement [LO 2-6] Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $22,500 of indirect material) $ 25,600 37,000 111,800 $ 276,800 23,900 41,080 122, 100 305,700 Note: The pre-determined overhead rate is 0.90...
8 Assignment Beck Manufacturing reports the following information in T-account form for 2019 Raw Materials Inventory Begin. Inv. 11,700 Purchases 59,000 Avail. for use 70,7ee DM used 51, eee End. Inv. 19,700 Work in Process Inventory Begin. Inv. 16,80e DM used 51,eee Direct labor 30,300 Overhead 65,500 Manuf. costs 163,600 Cost of goods 149,500 manuf End. Inv. 14,100 Finished Goods Inventory Begin. Iny. 21,100 Cost of goods manuf. 149,500 Avail. for sale 178,600 Cost of Goods Sold 158,600 End. Inv....
Beck Manufacturing reports the following information in T-account form for 2019 Begin. Inv. Purchases Avail. for use 47,500 End. Inv. Raw Materials Inventory 11,800 49,500 61,300 DM used 13,800 Work in Process Inventory 14,200 47,500 33,100 61,000 155,800 Cost of goods manuf. 14,700 Begin. Inv. DM used Direct labor Overhead Manuf. costs End. Inv. 141,100 Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 19,300 141, 100 160,400 Cost of Goods Sold 19,400 End. Inv. 141,000 Required:...
Manufacturing costs for Davenport Company during 2018 were as follows: $ 25,800 37,200 112,000 $277,000 24,100 41,100 122,300 305,900 Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $23,500 of indirect material) Note: The pre-determined overhead rate is 0.92 (92%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2....
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