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eBook Calculator Print Item Matching Cost Behavior Descriptions to Cost Behavior Graphs Select the graph (A...
Matching Cost Behavior Descriptions to Cost Behavior Graphs Select the graph (A through L) that best matches the numbered (1 through 7) italicized descriptions of various cost behavior. For each graph, the vertical (y) axis represents total dollars of cost, and the horizontal (x) axis represents output units during the period. The graphs may be used more than once. Required: 1. The cost of depreciation. The asset being depreciated is a large piece of production machinery equipment where the straight-line...
eBook Calculator Print Item Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at July 31: ACCOUNT Work in Process Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 12,320 554,400 566,720 677,720 July 1 Bal., 7,700 units,...
eBook Calculator Print Item Income Statement, Cost of Goods Manufactured Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of 1-liter bottles sells for $37. Spencer had 2,500 cases of sports drinks in finished goods inventory at the beginning of the year. At the end of the year, there were 11,500 cases of sports drinks in finished goods inventory. Spencer's accounting records provide the following information Purchases of direct materials Direct materials inventory, January1...
eBook Print item High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc, monitored activities assodated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the Resource Forklift depreciation: activity output, as measured by moves for the two different levels, are presented as follows: Number...
eBook Calculator Print Item Work in process account data for two months; cost of production reports Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process -Filling on April 1 and debits to the account during April were as follows: Bal., 800 units, 30% completed: Direct materials (800...
1 eBook Calculator Print Item Cost of Production Report: Weighted average method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31: ACCOUNT Work in Process Roasting Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 13,100 units, 80% completed 31 Direct...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
Chapter 12 - Homework eBook Show Me How Calculator Print Item Lean Accounting Vintage Audio Inc. manufactures audio speakers. Each speaker requires $115 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period: Speaker assembly cell, estimated costs: Labor $50,180 Depreciation 6,730 Supplies 2,450 Power 1,840 Total cell costs for the period $61,200 The operating plan calls for 170 operating hours for the period. Each speaker requires 15 minutes of cell process...
Module 2 Assignment eBook Calculator Print Item Entries for factory costs and jobs completed Instructions Chart of Accounts Journal Instructions Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost...
Module 2 Assignment eBook Show Me How Calculator Print Item Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 4,600 units, 55% completed 2,800 units, 85% completed Completed and transferred to next processing department during November 63,000 units 62,000 units Work in process, November 30 3,500 units, 65% completed 3,800 units, 25% completed a. If all...