Homework Answers
Solution to QUESTION-6
The raw material used in production = Raw materials at the beginning + Raw materials purchased during the year - Raw materials at the end
$326,000 = $75,000 + Raw materials purchased during the year - $85,000
Raw materials purchased during the year = $326,000 - $75,000 + $85,000
Raw materials purchased during the year = $336,000
“Hence, the Raw materials purchased during the year will be (d). $336,000”
Add Answer to:
b. $115.000 c. $112.000 d. $109,000 e none of these are correct. 6. The information below...
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicat The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16,100 141,000 9,100 81,000 149,700 11,100 $408,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct...
Please help me. Most of these answers are wrong so if you would show the correct...
Please help me. Most of these answers are wrong so if you would
show the correct solutions that would be helpful!! Thank
you
10 The following data from the just completed year are taken from the accounting records of Mason Company: 3 points Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 653,000 $ 88,000 $ 138,000 $ 110,000 $ 47,000 $ 225,000 $ 203,000 eBook...
3 Homework Saved Check my work mode: This shows what is correct or incorrect for the...
3 Homework Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate con Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production of this amount. $78,000 was for direct materials and...
Exercise C: Applying Overhead; Cost of Goods Sold The below cost data relate to the manufacturing...
Exercise C: Applying Overhead; Cost of Goods Sold The below cost data relate to the manufacturing activities of Brown Company during the just completed year. Manufacturing costs: Property taxes, factory $2,000 Utilities, factory $6,000 Indirect labor $12,000 Depreciation, factory $15,000 Insurance, factory $7,000 Total actual manufacturing overhead costs $42,000 Other costs incurred: Purchases of raw materials Direct labor cost $30,000 $45,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending Finished goods, beginning Finished...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost o...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
The following data from the just completed year are taken from the accounting records of Mason...
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $652,000 $ 89,000 $137,000 $103,000 $ 49,000 $208,000 $225,000 Inventories Beginning Ending Raw materials $ 8,400 $10,200 Work in $ 5,000 $20,200 process Finished goods $78,000 $25,800 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials...
ANSWERS MUST BE FOUND BY USING FORMULAS !!!! с E G H A B D F...
ANSWERS MUST BE FOUND BY USING FORMULAS !!!!
с E G H A B D F 1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost $ 275,000 6 Estimated total direct labor hours 25,000 7 Actual total direct labor hours 27,760 8 9 Actual costs for the year: 10 Purchase of raw materials (all direct) $375,000 11 Direct labor...
QUESTION 2 (16 MARKS) Nana Corporation, a manufacturing company, produces a single product. The following information...
QUESTION 2 (16 MARKS) Nana Corporation, a manufacturing company, produces a single product. The following information has been taken from the company's production, sales, and cost records for the just completed year. Production in units Sales in units 11,600 Ending finished goods inventory in units Sales 1,200 RM520,000 anut Costs: Direct labor Raw materials purchased Manufacturing overhead Selling and administrative expenses RM36,000 RM192,000 0000 RM120,000 RM152,000 Beginning of the year End of the year Inventories: RM12,000 RM16,000 000.00 Raw materials...
QUESTION 2 (16 MARKS) Nana Corporation, a manufacturing company, produces a single information has been taken...
QUESTION 2 (16 MARKS) Nana Corporation, a manufacturing company, produces a single information has been taken from the company's production, sales, and completed year. oduces a single product. The following chion, sales, and cost records for the just 11,600 1,200 RM520,000 Production in units Sales in units Ending finished goods inventory in units Sales Costs: Direct labor Raw materials purchased Manufacturing overhead Selling and administrative expenses RM36,000 RM192,000 RM120,000 RM152,000 Beginning of the year End of the year RM12,000 Inventories:...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement LO3-3]...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement LO3-3] The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material purchases selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs s 657,8e8 196 , еее s 42,eee s 207,ee0 5 229,eee beginningnig Inventories Raw materials Work in process Finished goods s $,7e 21,000 71,eee, s...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicat The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16,100 141,000 9,100 81,000 149,700 11,100 $408,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct...
Please help me. Most of these answers are wrong so if you would
show the correct solutions that would be helpful!! Thank
you
10 The following data from the just completed year are taken from the accounting records of Mason Company: 3 points Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 653,000 $ 88,000 $ 138,000 $ 110,000 $ 47,000 $ 225,000 $ 203,000 eBook...
3 Homework Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate con Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were used in production of this amount. $78,000 was for direct materials and...
Exercise C: Applying Overhead; Cost of Goods Sold The below cost data relate to the manufacturing activities of Brown Company during the just completed year. Manufacturing costs: Property taxes, factory $2,000 Utilities, factory $6,000 Indirect labor $12,000 Depreciation, factory $15,000 Insurance, factory $7,000 Total actual manufacturing overhead costs $42,000 Other costs incurred: Purchases of raw materials Direct labor cost $30,000 $45,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending Finished goods, beginning Finished...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $652,000 $ 89,000 $137,000 $103,000 $ 49,000 $208,000 $225,000 Inventories Beginning Ending Raw materials $ 8,400 $10,200 Work in $ 5,000 $20,200 process Finished goods $78,000 $25,800 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials...
ANSWERS MUST BE FOUND BY USING FORMULAS !!!!
с E G H A B D F 1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost $ 275,000 6 Estimated total direct labor hours 25,000 7 Actual total direct labor hours 27,760 8 9 Actual costs for the year: 10 Purchase of raw materials (all direct) $375,000 11 Direct labor...
QUESTION 2 (16 MARKS) Nana Corporation, a manufacturing company, produces a single product. The following information has been taken from the company's production, sales, and cost records for the just completed year. Production in units Sales in units 11,600 Ending finished goods inventory in units Sales 1,200 RM520,000 anut Costs: Direct labor Raw materials purchased Manufacturing overhead Selling and administrative expenses RM36,000 RM192,000 0000 RM120,000 RM152,000 Beginning of the year End of the year Inventories: RM12,000 RM16,000 000.00 Raw materials...
QUESTION 2 (16 MARKS) Nana Corporation, a manufacturing company, produces a single information has been taken from the company's production, sales, and completed year. oduces a single product. The following chion, sales, and cost records for the just 11,600 1,200 RM520,000 Production in units Sales in units Ending finished goods inventory in units Sales Costs: Direct labor Raw materials purchased Manufacturing overhead Selling and administrative expenses RM36,000 RM192,000 RM120,000 RM152,000 Beginning of the year End of the year RM12,000 Inventories:...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement LO3-3] The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material purchases selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs s 657,8e8 196 , еее s 42,eee s 207,ee0 5 229,eee beginningnig Inventories Raw materials Work in process Finished goods s $,7e 21,000 71,eee, s...
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