Question

Green Companys costs for the month of August are as follows: $27,000 Direct Materials Used $34,000 Direct Labour $15,000 Sal

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer :$ 105,000

Cost of goods Manufactured

= Direct Material Used + Direct Labor +Indirect Labor+Indirect Material +Rent on Factory + Property tax (Rent)

Cots of Goods Manufactured = 27,000+34,000+10,000+15,000+17,000+2,000

=$105,000

Add a comment
Know the answer?
Add Answer to:
Green Company's costs for the month of August are as follows: $27,000 Direct Materials Used $34,000...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Consider the following costs: £ Production supervisor‘s salary 34,000 Direct materials 27,000 Selling expenses 16,000 Indirect...

    Consider the following costs: £ Production supervisor‘s salary 34,000 Direct materials 27,000 Selling expenses 16,000 Indirect materials 22,000 Depreciation of factory equipment 25,000 Direct labour 23,000 Utilities for factory 9,000 Administrative expenses 21,000 What is the total amount of manufacturing overhead? a. £90,000 b. £89,000 c. £140,000 d. £68,000

  • help The Watts Company uses predetermined overhead rates to y manufacturing overhead to jobs the predetermined...

    help The Watts Company uses predetermined overhead rates to y manufacturing overhead to jobs the predetermined overhead rate is based on labor cost in Dept A and on machine hours in Dept. 8. At the beginning of the year, the company made the following estimates: Dept. A Dept. B Direct Labor Cost $30,000 $40,000 Manufacturing Overhead 60.000 50,000 Direct Labor Hours 6,000 8.000 Machine Hours 10,000 2,000 What predetermined overhead rates would be used in Dept. A and Dept. 8....

  • . For the month of August 2020, Best Corporation reported the following amounts: •Beginning direct materials...

    . For the month of August 2020, Best Corporation reported the following amounts: •Beginning direct materials inventory_ Indirect labour •Ending direct materials inventory Salaries of sales people *Ending finished goods -Factory supervisor's salary •Beginning finished goods inventory_ Maintenance on factory equipment •Ending work in process Sales Depreciation Utilities in sales facility Utilities in factory Direct material purchases •Beginning work-in-process inventory Direct labour $ 47,000 24,000 35,000 73,000 24,000 25,000 18,000 10,000 13,000 650,000 100,000 18,000 24,000 185,000 8,000 200,000 1....

  • For the month of August 2020. Best Corporation reported the following amounts: 1 Beginning direct materials...

    For the month of August 2020. Best Corporation reported the following amounts: 1 Beginning direct materials inventory $ 47,000 Indirect labour 24,000 Ending direct materials inventory 35,000 Salaries of sales people 73,000 Ending finished goods 24,000 Factory supervisor's salary 25,000 Beginning finished goods inventory 18,000 Maintenance on factory equipment 10,000 Ending work in process 13,000 Sales 650,000 Depreciation 100,000 Utilities in sales facility 18,000 Utilities in factory 24,000 Direct material purchases 185,000 Beginning work-in-process inventory 8,000 Direct labour 200,000 1....

  • CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent...

    CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?

  • company has the following estimated costs for 2014 Direct materials                               &

    company has the following estimated costs for 2014 Direct materials                                                       25,000 Advertising expense                                                15,000 Rent on factory building                                          13,000 Rent on office building                                            8,000 Direct labor                                                             22,000 Depreciation on factory equipment                           6,000 Indirect materials                                                    10,000 Sales salaries                                                          28,000 Insurance on factory equipment                                12,000 Indirect labor                                                          5,000 Property taxes on factory building                            10,000 Property taxes on office building                              10,000 company estimates that 32,000 direct labor hours and 20,000 machine hours will be worked during...

  • 1. Three costs in every product are direct materials, direct labor, and period costs direct materials,...

    1. Three costs in every product are direct materials, direct labor, and period costs direct materials, work in process, and manufacturing overhead direct materials, direct labor, and manufacturing overhead direct materials, work in progress, and finished goods 2. What is the journal entry for under applied overhead? Manufacturing overhead                           Finished Goods Inventory Finished Goods Inventory                        Manufacturing Overhead Manufacturing overhead                          Cost of goods sold Cost of goods sold                            Manufacturing overhead 3. Use a piece of scrap paper...

  • Inventories January 1 $125,000 225,000 215,000 December 31 $155,000 210.000 210,000 Materials Work in process Finished...

    Inventories January 1 $125,000 225,000 215,000 December 31 $155,000 210.000 210,000 Materials Work in process Finished goods $105,000 Advertising expenses Depreciation expenses- office equipment Depreciation expenses - factory equipment Direct labor Heating, light and power factory Indirect labor Materials purchased Office salaries expenses 15,000 20,000 240,000 8,000 28,000 235,000 82,000 6,500 13,500 11,000 1,100,000 135,000 5,500 3,400 Property taxes-factory Property taxes-office building Rent expenses-factory Sales Sales salaries expenses Supplies-factory Miscellaneous cost - facto Prepare the statement of cost of goods...

  • Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...

    Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied Factory rent Factory utilities Indirect labor Indirect materials Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...

  • 1. How much is the total costs of Direct materials? 2. How much is the total...

    1. How much is the total costs of Direct materials? 2. How much is the total direct labor costs? 3. How much is the total factory overhead costs ( indirect material + Indirect labor + indirect other expenses)? 4. How much is the total amount of prime costs? 5. How much is the total conversion costs? 6. How much is the total manufacturing costs? 7. How much is the cost of goods manufactured? 8. How much is the total amount...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT