Homework Answers
| Answer | |
| Calculation of cost of goods sold | |
| Cost of goods manufactured | $ 90,000 |
| Add-Beginning finished goods inventory | $ 30,000 |
| Less-Ending finished goods inventory | -$ 40,000 |
| cost of goods sold | $ 80,000 |
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Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 3: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the cost of goods manufactured. When entering answers in Blackboard, omit $ signs.
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 1: (1 point.) The following information relates to Stevens Company for June, 20xx. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the cost of direct materials used. When entering answers in Blackboard, omit $ signs.
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 2: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the total manufacturing costs incurred during the month. When entering answers in Blackboard, omit $...
Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter...
Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 5 Question 1: (2 points) Listed below are selected account balances for Fess Company for the year ended December 20x2: Merchandise Inventory, 1/1/20X2, Merchandise Inventory, 12/31/20X2 Freight-In Purchases Sales Purchase returns and allowances $8,000 10,000 4,000 100,000 140,000 2,000 15,000 Sales returns and allowances Purchase discounts 1,000 Required: Calculate the gross profit. $[a] When entering the answer in Blackboard, omit $ signs.
Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter...
Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 12 Question 1 (0.5 point) On the first day of the fiscal year, a company issues a $1,200,000, 9%, five year bond for $1,153,670. Interest is paid semiannually. Premiums and discounts on bonds payable are amortized using the straight line method. Required: On the date of issuance, for what amount would the discount on bonds payable be debited? Omit $ signs.
During 20XX Artic Company completed its first year of operations: Below are selected data: Chapter 21...
During 20XX Artic Company completed its first year of operations: Below are selected data: Chapter 21 Homework Question 1: (1.0 point) Required: Using the variable costing approach, calculate the unit product cost. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 2: (1.0 point) Required: Using the variable costing approach, calculate the Income from operations. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 3: (1.0 point) Required: Using the absorption costing...
During 20XX Artic Company completed its first year of operations: Below are selected data: Chapter 21...
During 20XX Artic Company completed its first year of operations: Below are selected data: Chapter 21 Homework Question 1: (1.0 point) Required: Using the variable costing approach, calculate the unit product cost. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 2: (1.0 point) Required: Using the variable costing approach, calculate the Income from operations. When entering the answers in Blackboard omit $ signs. Chapter 21 Homework Question 3: (1.0 point) Required: Using the absorption costing...
Chapter 23: Homework Question 1: (1 point) The following relates to Preston Company: Standard direct materials...
Chapter 23: Homework Question 1: (1 point) The following relates to Preston Company: Standard direct materials cost per unit: 2 pounds at $8.75 per pound. During the current year, Preston purchased and used 5,500 pounds of materials at a cost of $8 per pound to manufacture 2,500 units. Required: Calculate the favorable amount of the materials price variance. When entering the answer in Blackboard, omit $ signs. Chapter 23: Homework Question 2: (1 point) The following relates to Preston Company:...
UTSA.CREATINGBOLD FUTURES myLearn N 8 ACC-3123-003-Fall-2020-Cost Analysis Assignments Chapter 2 Homework (myBusiness Course) Business Course Return...
UTSA.CREATINGBOLD FUTURES myLearn N 8 ACC-3123-003-Fall-2020-Cost Analysis Assignments Chapter 2 Homework (myBusiness Course) Business Course Return to course Question 5 Incorrect Mark 0.00 out of 20.00 P Flag question EM CGM; CGS Wasik Company had the following inventory balances at the beginning and end of August August 1 August 31 Raw Material inventory 558.000 584,000 Work in Process Inventory 372.000 436,000 Finished Goods Inventory 224000 196,000 All raw material is direct to the production process. The following information is also...
I need help with the solution and explanation with the whole question. Chapter 14 Homework A...
I need help with the solution and explanation with the whole
question.
Chapter 14 Homework A Saved Help Save & Exit Submit Check my work Required information (The following information applies to the questions displayed below.) points The following data is provided for Garcon Company and Pepper Company eBook Hint Print References Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process...
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 3: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the cost of goods manufactured. When entering answers in Blackboard, omit $ signs.
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 1: (1 point.) The following information relates to Stevens Company for June, 20xx. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the cost of direct materials used. When entering answers in Blackboard, omit $ signs.
Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 2: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the total manufacturing costs incurred during the month. When entering answers in Blackboard, omit $...
Chapter 5 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 5 Question 1: (2 points) Listed below are selected account balances for Fess Company for the year ended December 20x2: Merchandise Inventory, 1/1/20X2, Merchandise Inventory, 12/31/20X2 Freight-In Purchases Sales Purchase returns and allowances $8,000 10,000 4,000 100,000 140,000 2,000 15,000 Sales returns and allowances Purchase discounts 1,000 Required: Calculate the gross profit. $[a] When entering the answer in Blackboard, omit $ signs.
Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 12 Question 1 (0.5 point) On the first day of the fiscal year, a company issues a $1,200,000, 9%, five year bond for $1,153,670. Interest is paid semiannually. Premiums and discounts on bonds payable are amortized using the straight line method. Required: On the date of issuance, for what amount would the discount on bonds payable be debited? Omit $ signs.
UTSA.CREATINGBOLD FUTURES myLearn N 8 ACC-3123-003-Fall-2020-Cost Analysis Assignments Chapter 2 Homework (myBusiness Course) Business Course Return to course Question 5 Incorrect Mark 0.00 out of 20.00 P Flag question EM CGM; CGS Wasik Company had the following inventory balances at the beginning and end of August August 1 August 31 Raw Material inventory 558.000 584,000 Work in Process Inventory 372.000 436,000 Finished Goods Inventory 224000 196,000 All raw material is direct to the production process. The following information is also...
I need help with the solution and explanation with the whole
question.
Chapter 14 Homework A Saved Help Save & Exit Submit Check my work Required information (The following information applies to the questions displayed below.) points The following data is provided for Garcon Company and Pepper Company eBook Hint Print References Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process...
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