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Question 33 --/1 View Policies Current Attempt in Progress As of December 31, 2019, Nilsen Industries...
Question 20 --/1 View Policies Current Attempt in Progress As of December 31, 2019, Sheridan Company had $3500 of raw m...
Question 20 --/1 View Policies Current Attempt in Progress As of December 31, 2019, Sheridan Company had $3500 of raw materials inventory. At the beginning of 2019, there was $3000 of materials on hand. During the year, the company purchased $315000 of materials; however, it paid for only $252500. How much inventory was requisitioned for use on jobs during 2019? $315500 O $302000 O $303000 $314500
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed...
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $426000 $710000. $200000. $284000. Save for Later Attempts: 0 of 1 used 1 used Submit Answer Sulimit Answer Send to Gradebook
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty...
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty Company had net credit sales during the year of $1300000 and cost of goods sold of $800000. The balance in accounts receivable at the beginning of the year was $150000, and the end of the year it was $110000. What was the accounts receivable turnover? 8.67 11.82 10.00 6.35 Attempts: 0 of 1 used Save for Later Submit Answer Send to Gradebook III
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
Send to Gradebook < Prev Question 25 --/1 View Policies Current Attempt in Progress ort The...
Send to Gradebook < Prev Question 25 --/1 View Policies Current Attempt in Progress ort The balance of the Allowance for Doubtful Accounts account at January 1 of the current year was $6,800 credit. During the year, accounts receivable in the amount of $9,000 were written off. Estimated uncollectible accounts expense for the year amounts to $7,200. The balance of the Allowance for Doubtful Accounts account to be reported on the balance sheet at year-end is $14,000. $5,000. O $7,200....
Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine...
Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine Company reports 21,300 actual direct labor hours, and it incurs $113,850 of manufacturing overhead costs. Standard hours allowed for the work done is 25,300 hours The predetermined overhead rate is $4.25 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ e Textbook and Media Attempts: 0 of 3 used Save for Later Submit Answer Send to Gradebook Nect>
please help with this accounting problem! Send to Gradebook Question 11 View Policies Current Attempt in...
please help with this accounting problem!
Send to Gradebook Question 11 View Policies Current Attempt in Progress In its first month of operation, Waterway Industries purchased 340 units of inventory for $9, then 440 units for $10, and finally 380 units for $11. At the end of the month, 420 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ e Textbook and Media Attempts: 0 of 3...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress port An aging of a company's accounts receivable indicates that $15500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $14320 O credit to Allowance for Doubtful Accounts for $15500. Odebit to Bad Debt Expense for $14320. debit to...
Send to Gradebook Question 3 View Policies Current Attempt in Progress Simba Company's standard materials cost...
Send to Gradebook Question 3 View Policies Current Attempt in Progress Simba Company's standard materials cost per unit of output is $11.75 (2.50 pounds x $4.70). During July, the company purchases and uses 3,300 pounds of materials costing $17490 in making 1.200 units of finished product. Compute the total price and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, eg. 52.) Total materials variance Materials price variance $ Materials...
Question 35 --/1 View Policies Current Attempt in Progress Bonita Industries applies overhead on the basis...
Question 35 --/1 View Policies Current Attempt in Progress Bonita Industries applies overhead on the basis of 120% of direct labor cost. Job No. 190 is charged with $300000 of direct materials costs and $75000 of manufacturing overhead. The total manufacturing costs for Job No. 190 is $435000. $465000. $437500. $375000. Save for Later Attempts: 0 of 1 used Submit Answer
Question 20 --/1 View Policies Current Attempt in Progress As of December 31, 2019, Sheridan Company had $3500 of raw materials inventory. At the beginning of 2019, there was $3000 of materials on hand. During the year, the company purchased $315000 of materials; however, it paid for only $252500. How much inventory was requisitioned for use on jobs during 2019? $315500 O $302000 O $303000 $314500
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $426000 $710000. $200000. $284000. Save for Later Attempts: 0 of 1 used 1 used Submit Answer Sulimit Answer Send to Gradebook
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty Company had net credit sales during the year of $1300000 and cost of goods sold of $800000. The balance in accounts receivable at the beginning of the year was $150000, and the end of the year it was $110000. What was the accounts receivable turnover? 8.67 11.82 10.00 6.35 Attempts: 0 of 1 used Save for Later Submit Answer Send to Gradebook III
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
Send to Gradebook < Prev Question 25 --/1 View Policies Current Attempt in Progress ort The balance of the Allowance for Doubtful Accounts account at January 1 of the current year was $6,800 credit. During the year, accounts receivable in the amount of $9,000 were written off. Estimated uncollectible accounts expense for the year amounts to $7,200. The balance of the Allowance for Doubtful Accounts account to be reported on the balance sheet at year-end is $14,000. $5,000. O $7,200....
Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine Company reports 21,300 actual direct labor hours, and it incurs $113,850 of manufacturing overhead costs. Standard hours allowed for the work done is 25,300 hours The predetermined overhead rate is $4.25 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ e Textbook and Media Attempts: 0 of 3 used Save for Later Submit Answer Send to Gradebook Nect>
please help with this accounting problem!
Send to Gradebook Question 11 View Policies Current Attempt in Progress In its first month of operation, Waterway Industries purchased 340 units of inventory for $9, then 440 units for $10, and finally 380 units for $11. At the end of the month, 420 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ e Textbook and Media Attempts: 0 of 3...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress port An aging of a company's accounts receivable indicates that $15500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $14320 O credit to Allowance for Doubtful Accounts for $15500. Odebit to Bad Debt Expense for $14320. debit to...
Send to Gradebook Question 3 View Policies Current Attempt in Progress Simba Company's standard materials cost per unit of output is $11.75 (2.50 pounds x $4.70). During July, the company purchases and uses 3,300 pounds of materials costing $17490 in making 1.200 units of finished product. Compute the total price and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, eg. 52.) Total materials variance Materials price variance $ Materials...
Question 35 --/1 View Policies Current Attempt in Progress Bonita Industries applies overhead on the basis of 120% of direct labor cost. Job No. 190 is charged with $300000 of direct materials costs and $75000 of manufacturing overhead. The total manufacturing costs for Job No. 190 is $435000. $465000. $437500. $375000. Save for Later Attempts: 0 of 1 used Submit Answer
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