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1. The following information relates to Appledoorn Manufacturing's cost of manufacturing report Raw materials purchased Total...
The following information relates to Marshall Manufacturing's current accounting period: Raw materials used Direct labor wages...
The following information relates to Marshall Manufacturing's current accounting period: Raw materials used Direct labor wages Sales salaries and commissions Depreciation on production equipment Rent on manufacturing facilities Administrative supplies and utilities Sales revenue Units produced Units sold $ 16,000 32,000 24,000 2,900 3,900 4,000 95,000 3,000 3,000 Based on this information, what is the company's net income? (Do not round intermediate calculations.) Multiple Choice $14,900 $30,200 We were unable to transcribe this image
Question 1: The information below relates to Guzzardi Manufacturing Company. (Assume that all raw materials are...
Question 1: The information below relates to Guzzardi Manufacturing Company. (Assume that all raw materials are direct materials.) Purchases of raw materials ..... Direct labor cost... Selling costs (total) ........ Administrative costs (total) Manufacturing overhead costs (total) .... Raw materials inventory, beginning ....... Work in process inventory, beginning... Finished goods inventory, beginning Raw materials inventory, ending......... Work in process inventory, ending.......... Finished goods inventory, ending............. $362.000 $207.000 $61,000 $84,000 $775.000 $37,000 $19.000 $62,000 $44,000 $3,000 $77,000 Required: What is Guzzardi's...
The following information relates to the manufacturing operations : Beginning Ending Raw materials inventory $ 61,000...
The following information relates to the manufacturing operations : Beginning Ending Raw materials inventory $ 61,000 $ 64,000 Finished goods 72,000 64,000 The raw materials used in manufacturing during the year totaled $122,000. Raw materials purchased during the year amount to:
Vaughn Manufacturing's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials...
Vaughn Manufacturing's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $150000 $ 100000 Work in process inventory 266000 284000 Finished goods inventory 260000 248000 During 2020, Vaughn purchased $910000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing overhead totaling $224000. How much would Vaughn Manufacturing report as cost of goods manufactured for 2020? I am coming up with $1,359,000, however, that is NOT one of the multiple choice answers....
Compute the total manufacturing cost for a manufacturer with the following information fe Raw materials purchased...
Compute the total manufacturing cost for a manufacturer with the following information fe Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 38,400 54,500 14,800 9,000 6,480 3,800 3,600 1,550 Total Manufacturing Cost is Computed as: Total manufacturing costs apter 18 Quiz A cell phone company offers two different plans Plan A costs $99 per month for unlimited talk and text Panicots 50 20 de plus...
Prepare Journal Entries for 1. Raw materials were purchased on account: $236000 2. Raw materials were...
Prepare Journal Entries for
1. Raw materials were purchased on account: $236000
2. Raw materials were requisitioned for use in production:
$208,000 (85% direct and 15% indirect)
3. Record the costs that were incurred for employee
services.
4. Heat, power, and water costs were incurred in the factory:
$50,100.
5. Prepaid insurance expired during the year: $19,000 (80%
relates to factory operations, and 20% relates to selling and
administrative activities).
6. Advertising costs were incurred, $59,000.
7. Depreciation was recorded...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,850 $59,900 $88,700 $ 4,030 Inventories Raw materials Work in process Finished goods Beginning $ 11,900 $ 55,400 $ 34,600 Ending $ 19,400 $ 65,500 $ 44,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month 2. Prepare a schedule of...
Uus m uidctueu (LUS, LUD, LUY) The following cost data relate to the manufacturing activities of...
Uus m uidctueu (LUS, LUD, LUY) The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs: Property taxes, factory Utilities, factory Indirect labour Depreciation, factory Insurance, factory 4,100 6,650 12,200 26,750 8,200 Total actual manufacturing overhead costs 57,900 37,500 47,700 Other costs incurred: Purchases of raw materials. Direct labour cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 10,209 8,100 7,650 9,700 The...
The following information relates to the operations of Cruz Manufacturing during the current year: Raw materials...
The following information relates to the operations of Cruz Manufacturing during the current year: Raw materials used Direct labor wages Sales salaries and commissions Depreciation on production equipment Rent on manufacturing facilities Packaging and shipping supplies Sales revenue Units produced and sold Selling price per unit $11,100 31,100 26,100 2,110 16,100 3,110 96,100 11,100 $ 12.00 Based on this information, what is the company's cost of goods sold? (Do not round intermediate calculations.) | Multiple Choice o $63,520 o О...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,960 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 87,900 Underapplied overhead $ 4,170 Inventories Beginning Ending Raw materials $ 11,400 $ 19,900 Work in process $ 55,500 $ 67,300 Finished goods $ 33,700 $ 42,200 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
The following information relates to Marshall Manufacturing's current accounting period: Raw materials used Direct labor wages Sales salaries and commissions Depreciation on production equipment Rent on manufacturing facilities Administrative supplies and utilities Sales revenue Units produced Units sold $ 16,000 32,000 24,000 2,900 3,900 4,000 95,000 3,000 3,000 Based on this information, what is the company's net income? (Do not round intermediate calculations.) Multiple Choice $14,900 $30,200 We were unable to transcribe this image
Question 1: The information below relates to Guzzardi Manufacturing Company. (Assume that all raw materials are direct materials.) Purchases of raw materials ..... Direct labor cost... Selling costs (total) ........ Administrative costs (total) Manufacturing overhead costs (total) .... Raw materials inventory, beginning ....... Work in process inventory, beginning... Finished goods inventory, beginning Raw materials inventory, ending......... Work in process inventory, ending.......... Finished goods inventory, ending............. $362.000 $207.000 $61,000 $84,000 $775.000 $37,000 $19.000 $62,000 $44,000 $3,000 $77,000 Required: What is Guzzardi's...
Compute the total manufacturing cost for a manufacturer with the following information fe Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 38,400 54,500 14,800 9,000 6,480 3,800 3,600 1,550 Total Manufacturing Cost is Computed as: Total manufacturing costs apter 18 Quiz A cell phone company offers two different plans Plan A costs $99 per month for unlimited talk and text Panicots 50 20 de plus...
Prepare Journal Entries for
1. Raw materials were purchased on account: $236000
2. Raw materials were requisitioned for use in production:
$208,000 (85% direct and 15% indirect)
3. Record the costs that were incurred for employee
services.
4. Heat, power, and water costs were incurred in the factory:
$50,100.
5. Prepaid insurance expired during the year: $19,000 (80%
relates to factory operations, and 20% relates to selling and
administrative activities).
6. Advertising costs were incurred, $59,000.
7. Depreciation was recorded...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,850 $59,900 $88,700 $ 4,030 Inventories Raw materials Work in process Finished goods Beginning $ 11,900 $ 55,400 $ 34,600 Ending $ 19,400 $ 65,500 $ 44,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month 2. Prepare a schedule of...
Uus m uidctueu (LUS, LUD, LUY) The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs: Property taxes, factory Utilities, factory Indirect labour Depreciation, factory Insurance, factory 4,100 6,650 12,200 26,750 8,200 Total actual manufacturing overhead costs 57,900 37,500 47,700 Other costs incurred: Purchases of raw materials. Direct labour cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 10,209 8,100 7,650 9,700 The...
The following information relates to the operations of Cruz Manufacturing during the current year: Raw materials used Direct labor wages Sales salaries and commissions Depreciation on production equipment Rent on manufacturing facilities Packaging and shipping supplies Sales revenue Units produced and sold Selling price per unit $11,100 31,100 26,100 2,110 16,100 3,110 96,100 11,100 $ 12.00 Based on this information, what is the company's cost of goods sold? (Do not round intermediate calculations.) | Multiple Choice o $63,520 o О...
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