Homework Answers
| total product costs = $2,050 | |
| Statement showing Computations | |
| Particulars | Amount |
| Product Costs: | |
| Rib Costs | 1,400.00 |
| Labour costs = 45*10 | 450.00 |
| Seasoning and sauce | 50.00 |
| Grill cleaning after cooking ribs | 150.00 |
| total product costs | 2,050.00 |
| Note Admin costs and advertising costs are period costs. Thus ignored | |
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Question 11 View Policies Current Attempt in Progress Barry's BarBQue incurred the following costs: $1,400 for...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? $2,050 $2,150 $1,850 $2,350 Model Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning raw materials inventory, $18,000; ending work in process...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? O $2,350 O $2,050 $1,850 O $2,150 We were unable to transcribe this imagePharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000;...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? $1,850 O $2,350 O $2,150 $2,050 We were unable to transcribe this imageModel Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning...
View Policies Current Attempt in Progress Pharoah Corp. incurred $760000 of research and development costs to...
View Policies Current Attempt in Progress Pharoah Corp. incurred $760000 of research and development costs to develop a product for which a patent was granted on January 2, 2018. Legal fees and other costs associated with registration of the patent totaled $152000. On March 31, 2021, Pharoah paid $310000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2021 should be $1222000. $1070000. $462000. $912000.
Please help me with this hmwk question on my assignment. thank you. View Policies Current Attempt...
Please help me with this hmwk question on my assignment. thank you.
View Policies Current Attempt in Progress Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits. Beginning work in process Materials Labor Overhead Costs transferred in Cooking $0 24,200 9,250 32,500 Canning $4,500 10,600 7,790 28,600 54,100 Journalize the...
View Policies Current Attempt in Progress Crawford Corporation incurred the following transactions 1. 2 3 4....
View Policies Current Attempt in Progress Crawford Corporation incurred the following transactions 1. 2 3 4. Purchased raw materials on account $55.500. Raw Materials of $43,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7.600 was classified as indirect materials Factory labor costs incurred were $65.600, of which $50,000 pertained to factory wages payable and $15,600 pertained to employer payroll taxes payable. Time tickets indicated that $55,400 was direct labor and $10.200 was indirect...
Question 6 of 13 < -/1 View Policies Current Attempt in Progress The gross earnings of...
Question 6 of 13 < -/1 View Policies Current Attempt in Progress The gross earnings of the factory workers for Bonita Company during the month of January are $81,000. Of the total accumulated cost of factory labor, 81% is related to direct labor and 19% is attributable to indirect labor. (a) (b) Record the factory labor costs for the month of January. Assign factory labor to production. (Enter negative amounts using either a negative sign preceding the number e.g. -45...
Question 7 View Policies Current Attempt in Progress Concord Corporation purchased a depreciable asset for $566000....
Question 7 View Policies Current Attempt in Progress Concord Corporation purchased a depreciable asset for $566000. The estimated salvage value is $29000, and the estimatedus for depreciation. What is the depreciation expere on this set? e s 10000 hours. Casoned the set for 1100 hours in the current year. The activity method will be Question 16 View Policies Current Attempt in Progress during installation and installation costs of $665. What is the cost of Marigold Corp purchased equipment for $40000...
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020...
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel $14,228 Sales salaries 10,086 Depreciation 8,355 Insurance $35,000 7,200 1,900 Delivery 3.422 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will...
Question 12 of 13 < > -11 View Policies Current Attempt in Progress Fire Out Company...
Question 12 of 13 < > -11 View Policies Current Attempt in Progress Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $27,300, Work in Process-Mixing $0, Work in Process- Packaging $253,000, and Finished Goods $295,000. The beginning inventory for Packaging consisted of 14,900 units that were 50% complete as to conversion costs and fully complete...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? $2,050 $2,150 $1,850 $2,350 Model Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning raw materials inventory, $18,000; ending work in process...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? O $2,350 O $2,050 $1,850 O $2,150 We were unable to transcribe this imagePharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000;...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? $1,850 O $2,350 O $2,150 $2,050 We were unable to transcribe this imageModel Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning...
View Policies Current Attempt in Progress Pharoah Corp. incurred $760000 of research and development costs to develop a product for which a patent was granted on January 2, 2018. Legal fees and other costs associated with registration of the patent totaled $152000. On March 31, 2021, Pharoah paid $310000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2021 should be $1222000. $1070000. $462000. $912000.
Please help me with this hmwk question on my assignment. thank you.
View Policies Current Attempt in Progress Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits. Beginning work in process Materials Labor Overhead Costs transferred in Cooking $0 24,200 9,250 32,500 Canning $4,500 10,600 7,790 28,600 54,100 Journalize the...
View Policies Current Attempt in Progress Crawford Corporation incurred the following transactions 1. 2 3 4. Purchased raw materials on account $55.500. Raw Materials of $43,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7.600 was classified as indirect materials Factory labor costs incurred were $65.600, of which $50,000 pertained to factory wages payable and $15,600 pertained to employer payroll taxes payable. Time tickets indicated that $55,400 was direct labor and $10.200 was indirect...
Question 6 of 13 < -/1 View Policies Current Attempt in Progress The gross earnings of the factory workers for Bonita Company during the month of January are $81,000. Of the total accumulated cost of factory labor, 81% is related to direct labor and 19% is attributable to indirect labor. (a) (b) Record the factory labor costs for the month of January. Assign factory labor to production. (Enter negative amounts using either a negative sign preceding the number e.g. -45...
Question 7 View Policies Current Attempt in Progress Concord Corporation purchased a depreciable asset for $566000. The estimated salvage value is $29000, and the estimatedus for depreciation. What is the depreciation expere on this set? e s 10000 hours. Casoned the set for 1100 hours in the current year. The activity method will be Question 16 View Policies Current Attempt in Progress during installation and installation costs of $665. What is the cost of Marigold Corp purchased equipment for $40000...
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel $14,228 Sales salaries 10,086 Depreciation 8,355 Insurance $35,000 7,200 1,900 Delivery 3.422 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will...
Question 12 of 13 < > -11 View Policies Current Attempt in Progress Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $27,300, Work in Process-Mixing $0, Work in Process- Packaging $253,000, and Finished Goods $295,000. The beginning inventory for Packaging consisted of 14,900 units that were 50% complete as to conversion costs and fully complete...
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