The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,250 9,500 5,450 Work in Process Beg Bal 4,350 22,450 6,450 8,750 8,550 Finished Goods Beg Bal 2,450 20,650 22,450 Manufacturing Overhead 3,050 8,550 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal 2,750 12,500 Cost of Goods Sold Beg Bal 20,650 The Cost of Goods Manufactured was:
A. $20,650
B. $22,450
C. $43,100
D. $9,200
Homework Answers
Solution:
Cost of goods manufactured = Transfer from Work in Process to finished goods = $22,450
Hence option B is correct.
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The following partially completed T-accounts summarize
transactions for Faaberg Corporation during the year: Raw Materials
Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,250 5,450 9,500 Beg Bal 22,450 Work in Process 4,350 6,450 8,750 8,550 5:20 Beg Bal Pinished Goods 2,450 22,450 20,650 8,550 Manufacturing Overhead 3,050 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal Cost of Goods Sold 20,650 2,750 12,500 Beg Bal The direct materials cost was!
The below is partially completed T-accounts summarize transactions for Mercury Corporation during the year: Raw Materials...
The below is partially completed T-accounts summarize transactions for Mercury Corporation during the year: Raw Materials Beg Bal 5,250 9,500 5,450 Work in Process Beg Bal 4,350 22,450 6,450 8,750 8,550 Finished Goods Beg Bal 2,450 20,650 22,450 Manufacturing Overhead 3,050 8,550 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal 2,750 12,500 Cost of Goods Sold Beg Bal 20,650 The Cost of Goods Manufactured was: Multiple Choice $20,650 $22,450 $43,100 $9,200
Help Save SER SU Saved Abbur Company's manufacturing overhead is 40% of its total conversion costs....
Help Save SER SU Saved Abbur Company's manufacturing overhead is 40% of its total conversion costs. If direct laboris $63,600 and if direct materials are $23,800, the manufacturing overhead is: Multiple Choice $15.867 S42,400 $95,400 558,267 14 Vignana Corporation manufactures and sells hand painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year 0030-00 Cost of clay used in production $71,000 Wages paid to the workers who paint the figurines...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,050 5,250 9,100 Beg Bal 22,250 Work in Process 4,150 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О $3,250 overapplied $1,300 underapplied O O O O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050 5,250 Work in Process 4,150 Beg Bal 9,100 Beg Bal 22,250 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О. $3,250 overapplied O $1,300 underapplied О O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,000 9,000 5,200 Work in Process Beg Bal 4,100 22,200 6,200 8,500 8,300 Finished Goods Beg Bal 2,200 20,400 22,200 Manufacturing Overhead 2,800 8,300 3,500 3,200 Wages & Salaries Payable 20,400 Beg Bal 2,500 12,000 Cost of Goods Sold Beg Bal 20,400 The direct materials cost was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,200 9,400 5,400 Work in Process Beg Bal 4,300 22,400 6,400 8,700 8,500 Finished Goods Beg Bal 2,400 20,600 22,400 Manufacturing Overhead 3,000 8,500 3,700 3,400 Wages & Salaries Payable 20,600 Beg Bal 2,700 12,400 Cost of Goods Sold Beg Bal 20,600 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,750 4,950 8,500 Beg Bal 21,950 Work in Process 3,850 5,950 8,250 8,050 Beg Bal Finished Goods 1,950 21,950 20,150 20,150 8,050 Manufacturing Overhead 2,550 3,250 2,950 Wages & Salaries Payable Cost of Goods Sold 20,150 20,150 Beg Bal Beg Bal 2,250 11,500 The manufacturing overhead was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,250 5,450 9,500 Beg Bal 22,450 Work in Process 4,350 6,450 8,750 8,550 5:20 Beg Bal Pinished Goods 2,450 22,450 20,650 8,550 Manufacturing Overhead 3,050 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal Cost of Goods Sold 20,650 2,750 12,500 Beg Bal The direct materials cost was!
Help Save SER SU Saved Abbur Company's manufacturing overhead is 40% of its total conversion costs. If direct laboris $63,600 and if direct materials are $23,800, the manufacturing overhead is: Multiple Choice $15.867 S42,400 $95,400 558,267 14 Vignana Corporation manufactures and sells hand painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year 0030-00 Cost of clay used in production $71,000 Wages paid to the workers who paint the figurines...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,050 5,250 9,100 Beg Bal 22,250 Work in Process 4,150 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О $3,250 overapplied $1,300 underapplied O O O O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050 5,250 Work in Process 4,150 Beg Bal 9,100 Beg Bal 22,250 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О. $3,250 overapplied O $1,300 underapplied О O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,750 4,950 8,500 Beg Bal 21,950 Work in Process 3,850 5,950 8,250 8,050 Beg Bal Finished Goods 1,950 21,950 20,150 20,150 8,050 Manufacturing Overhead 2,550 3,250 2,950 Wages & Salaries Payable Cost of Goods Sold 20,150 20,150 Beg Bal Beg Bal 2,250 11,500 The manufacturing overhead was:
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