Homework Answers
Answer
- The correct answer is “SAME”.
- The depreciation on the factory building would remain SAME if the production increased by 25%
- This is because Depreciation is a FIXED COST.
- Fixed Cost do not change in totality and remain FIXED overtime.
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The following data refer to Superior Metals Corporation for the year 20x4. Raw-material inventory Purchases of...
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of...
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 732,000 59,000 474,000 268,000 150,000 90,000 125,000 23,000 45,000 60,000 41,000 71,000 0 42,000 34,000 40,000 577,500 2,105,000 12/31/x3 20x4 12/31/x4 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and equipment Utilities for...
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of...
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 12/31/x3 20x4 12/31/x4 732,000 59,000 474,000 268,000 150,000 90,000 125,000 23,000 45,000 60,000 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and 41,000 71,000 0 equipment Utilities for factory Work-in-process inventory 12/31/x3 12/31/x4...
Problem 3-50 Interpreting the Schedule of Cost of Goods Manufactured (LO 3-2, 3-6) [The following information...
Problem 3-50 Interpreting the Schedule of Cost of Goods Manufactured (LO 3-2, 3-6) [The following information applies to the questions displayed below.j The following data refer to Superior Metals Corporation for the year 20x4 Part 1 of3 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 12/31/x3 20x4 12/31/x4 0.83 points 732,000 59,000 475,000 268,000 151,000 91,000 126,000 24,000 46,000 60,000 Direct-labor cost incurred Seing and administrative eBook expenses Indirect labor cost incurred Property taxes on factory Depreciation...
The following data refer to Mister Munchie, Inc. for the year 20x4. Work-in-process inventory, 12/31/x3...
The following
data refer to Mister Munchie, Inc. for the year 20x4.
Work-in-process inventory, 12/31/x3
$
8,000
Selling and administrative salaries
13,700
Insurance on factory and equipment
3,600
Work-in-process inventory, 12/31/x4
8,200
Finished-goods inventory, 12/31/x3
14,000
Indirect material used
4,600
Depreciation on factory equipment
2,100
Raw-material inventory, 12/31/x3
10,100
Property taxes on factory
2,400
Finished-goods inventory, 12/31/x4
15,200
Purchases of raw material in 20x4
39,200
Utilities for factory
6,000
Cash, 12/31/x4
7,000
Utilities for sales and administrative offices
2,500...
From Job order cost system Question The following data refers to Gen Corporation for the year...
From Job order cost system Question The following data refers to Gen Corporation for the year 2005 Activities Amount Sales revenue Raw material inventory, 12/31/2004 Purchases of raw material in 2005 Raw material inventory, 12/31/2005 Direct labor cost incurred Selling & administrative expenses Indirect labor cost incurred Property tax on factory Depreciation on factory building Income tax expenses Indirect material used Depreciation on factory equipment Insurance on factory and equipment Utilities for factory Work in process inventory, 12/31/2004...
The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 $...
The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 $ 8,100 Selling and administrative salaries 13,600 Insurance on factory and equipment 3,600 Work-in-process inventory, 12/31/x1 8,200 Finished-goods inventory, 12/31/x0 14,000 Cash balance, 12/31/x1 6,000 Indirect material used 4,900 Depreciation on factory equipment 2,100 Raw-material inventory, 12/31/x0 10,100 Property taxes on factory 2,400 Finished-goods inventory, 12/31/x1 15,400 Purchases of raw material in 20x1 39,000 Utilities for factory 6,000 Utilities for sales and administrative offices 2,300...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $390,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $28,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
2.. Required information [The following information applies to the questions displayed below.] The following data refer...
2..
Required information [The following information applies to the questions displayed below.] The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/xl Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 Indirect material used Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 Purchases of raw material in 20x1 Utilities for factory Utilities for sales and administrative offices Other selling and...
Required information The following information applies to the questions displayed below.] The following data refer to T...
Required information The following information applies to the questions displayed below.] The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipmenft Work-in-process inventory, 12/31/x1 Finished-goods inventory, 12/31/x(0 Cash balance, 12/31/x1 Indirect material used $ 8,000 13,700 3,600 8,300 14,000 7,000 4,300 2,100 10,200 2,400 Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 15,300 38,800 6,000 2,400 3,800 29,000 3,600 1,200...
Required information [The following information applies to the questions displayed below.] The following data refer to...
Required information [The following information applies to the questions displayed below.] The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/xl Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 Indirect material used Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 Purchases of raw material in 20x1 Utilities for factory Utilities for sales and administrative offices Other selling and administrative...
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 732,000 59,000 474,000 268,000 150,000 90,000 125,000 23,000 45,000 60,000 41,000 71,000 0 42,000 34,000 40,000 577,500 2,105,000 12/31/x3 20x4 12/31/x4 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and equipment Utilities for...
The following data refer to Superior Metals Corporation for the year 20x4 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 12/31/x3 20x4 12/31/x4 732,000 59,000 474,000 268,000 150,000 90,000 125,000 23,000 45,000 60,000 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and 41,000 71,000 0 equipment Utilities for factory Work-in-process inventory 12/31/x3 12/31/x4...
Problem 3-50 Interpreting the Schedule of Cost of Goods Manufactured (LO 3-2, 3-6) [The following information applies to the questions displayed below.j The following data refer to Superior Metals Corporation for the year 20x4 Part 1 of3 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 12/31/x3 20x4 12/31/x4 0.83 points 732,000 59,000 475,000 268,000 151,000 91,000 126,000 24,000 46,000 60,000 Direct-labor cost incurred Seing and administrative eBook expenses Indirect labor cost incurred Property taxes on factory Depreciation...
The following
data refer to Mister Munchie, Inc. for the year 20x4.
Work-in-process inventory, 12/31/x3
$
8,000
Selling and administrative salaries
13,700
Insurance on factory and equipment
3,600
Work-in-process inventory, 12/31/x4
8,200
Finished-goods inventory, 12/31/x3
14,000
Indirect material used
4,600
Depreciation on factory equipment
2,100
Raw-material inventory, 12/31/x3
10,100
Property taxes on factory
2,400
Finished-goods inventory, 12/31/x4
15,200
Purchases of raw material in 20x4
39,200
Utilities for factory
6,000
Cash, 12/31/x4
7,000
Utilities for sales and administrative offices
2,500...
2..
Required information [The following information applies to the questions displayed below.] The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/xl Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 Indirect material used Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 Purchases of raw material in 20x1 Utilities for factory Utilities for sales and administrative offices Other selling and...
Required information The following information applies to the questions displayed below.] The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipmenft Work-in-process inventory, 12/31/x1 Finished-goods inventory, 12/31/x(0 Cash balance, 12/31/x1 Indirect material used $ 8,000 13,700 3,600 8,300 14,000 7,000 4,300 2,100 10,200 2,400 Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 15,300 38,800 6,000 2,400 3,800 29,000 3,600 1,200...
Required information [The following information applies to the questions displayed below.] The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/xl Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 Indirect material used Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 Purchases of raw material in 20x1 Utilities for factory Utilities for sales and administrative offices Other selling and administrative...
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