Homework Answers
| Manufacturing costs | |
| Direct labor | 76000 |
| Direct material used | 84000 |
| Total manufacturing overhead | 65000 |
| Total manufacturing costs | 225000 |
| Manufacturing costs includes costs incurred during the production of a product. Example: Direct material, Direct labor and manufacturing overhead costs | |
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Brief Exercise 160 (Part Level Submission) Raynor Company has the following data: Direct labor Direct materials...
* Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor...
* Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,000, direct materials used $188,000, total manufacturing overhead $253,000, and beginning work in process $36,000. Compute total manufacturing costs. Total manufacturing costs $ Attempts: 0 of 3 use *(b) The parts of this question must be completed in order. This part will be available when you complete the part above.
pt.b *Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,0...
pt.b
*Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,000, direct materials used $188,000, total manufacturing overhead $253,000, and beginning work in process $36,000. *(a) Your answer is correct. Compute total manufacturing costs. Total manufacturing costs $1689,000 Attempts: 2 of 3 used *(b) Your answer is incorrect. Try again. Compute total cost of work in process. Total cost of work in process o 472,000 Attempts: 1 of 3 used Copyright © 2000-2019 by...
*Exercise 3-5 (Video) (Part Level Submission) In Shady Company, materials are entered at the beginning of...
*Exercise 3-5 (Video) (Part Level Submission) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% Month January March May July Units Transferred Out 11,800 13,600 15,700 10,500 Ending Work in Process Conversion Units Cost% 2,400 4,500 7,360 2,200 *(a) Compute the physical...
Exercise 16-10 (Part Level Submission) Overton Company has gathered the following information. Units in beginning work...
Exercise 16-10 (Part Level Submission)
Overton Company has gathered the following information.
Units in beginning work in process
20,000
Units started into production
164,000
Units in ending work in process
24,000
Percent complete in ending work in process:
Conversion costs
60
%
Materials
100
%
Costs incurred:
Direct materials
$101,200
Direct labor
$164,800
Overhead
$184,000
(a)
Compute equivalent units of production for materials and for
conversion costs.
Materials
Conversion Costs
The equivalent units of production
Exercise 3-10 (Part Level Submission) Overton Company has gathered the following information. 20,700 236,800 25,500 60...
Exercise 3-10 (Part Level Submission) Overton Company has gathered the following information. 20,700 236,800 25,500 60 % Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 100 % $ 103,000 $530,170 $ 187,000 (a) Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production
Question 1 Francum Company has the following data: direct labor $250,000, direct materials used $197,000, total...
Question 1 Francum Company has the following data: direct labor $250,000, direct materials used $197,000, total manufacturing overhead $234,000, and beginning work in process $36,000 Compute total manufacturing costs. Total manufacturing costs Compute total cost of work in process. Total cost of work in process
Exercise 9-13 (Part Level Submission) (Video) Fultz Company has accumulated the following budget data for the...
Exercise 9-13 (Part Level Submission) (Video) Fultz Company has accumulated the following budget data for the year 2020. Sales: 31,310 units, unit selling price $85 Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour 1. 2. 3. Inventories (raw materials only): beginning, 10,100 pounds; ending, 15,400 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. Income taxes:...
Exercise 3-10 (Part Level Submission) Overton Company has gathered the following information. Units in beginning work...
Exercise 3-10 (Part Level Submission)
Overton Company has gathered the following
information.
Units in beginning work in process
21,000
Units started into production
254,000
Units in ending work in process
25,400
Percent complete in ending work in process:
Conversion costs
60
%
Materials
100
%
Costs incurred:
Direct materials
$110,000
Direct labor
$501,484
Overhead
$187,100
Show the assignment of costs to units transferred out and in
process.
Transferred out
$
Ending work in process
$
How do I calculate the...
Exercise 9-13 (Part Level Submission) (Video) Fultz Company has accumulated the following budget data for the...
Exercise 9-13 (Part Level Submission)
(Video)
Fultz Company has accumulated the following budget data for the
year 2020.
1.
Sales: 31,160 units, unit selling price $88.
2.
Cost of one unit of finished goods: direct materials 1 pound at
$6 per pound, direct labor 3 hours at $13 per hour, and
manufacturing overhead $6 per direct labor hour.
3.
Inventories (raw materials only): beginning, 10,280 pounds;
ending, 15,490 pounds.
4.
Selling and administrative expenses: $170,000; interest
expense: $30,000.
5.
Income...
Problem 17-7A (Part Level Submission) Owen Company manufactures bicycles and tricycles. For both products, materials are...
Problem 17-7A (Part Level Submission) Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows Percentage 80 % Production Data-BicyclesUnitsComplete Work in process units, March 1 Units started into production Work in process units, March 31 200 1,000 300 40 % Cost Data-Bicycles...
* Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,000, direct materials used $188,000, total manufacturing overhead $253,000, and beginning work in process $36,000. Compute total manufacturing costs. Total manufacturing costs $ Attempts: 0 of 3 use *(b) The parts of this question must be completed in order. This part will be available when you complete the part above.
pt.b
*Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,000, direct materials used $188,000, total manufacturing overhead $253,000, and beginning work in process $36,000. *(a) Your answer is correct. Compute total manufacturing costs. Total manufacturing costs $1689,000 Attempts: 2 of 3 used *(b) Your answer is incorrect. Try again. Compute total cost of work in process. Total cost of work in process o 472,000 Attempts: 1 of 3 used Copyright © 2000-2019 by...
*Exercise 3-5 (Video) (Part Level Submission) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% Month January March May July Units Transferred Out 11,800 13,600 15,700 10,500 Ending Work in Process Conversion Units Cost% 2,400 4,500 7,360 2,200 *(a) Compute the physical...
Exercise 16-10 (Part Level Submission)
Overton Company has gathered the following information.
Units in beginning work in process
20,000
Units started into production
164,000
Units in ending work in process
24,000
Percent complete in ending work in process:
Conversion costs
60
%
Materials
100
%
Costs incurred:
Direct materials
$101,200
Direct labor
$164,800
Overhead
$184,000
(a)
Compute equivalent units of production for materials and for
conversion costs.
Materials
Conversion Costs
The equivalent units of production
Exercise 3-10 (Part Level Submission) Overton Company has gathered the following information. 20,700 236,800 25,500 60 % Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 100 % $ 103,000 $530,170 $ 187,000 (a) Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production
Question 1 Francum Company has the following data: direct labor $250,000, direct materials used $197,000, total manufacturing overhead $234,000, and beginning work in process $36,000 Compute total manufacturing costs. Total manufacturing costs Compute total cost of work in process. Total cost of work in process
Exercise 9-13 (Part Level Submission) (Video) Fultz Company has accumulated the following budget data for the year 2020. Sales: 31,310 units, unit selling price $85 Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour 1. 2. 3. Inventories (raw materials only): beginning, 10,100 pounds; ending, 15,400 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. Income taxes:...
Exercise 3-10 (Part Level Submission)
Overton Company has gathered the following
information.
Units in beginning work in process
21,000
Units started into production
254,000
Units in ending work in process
25,400
Percent complete in ending work in process:
Conversion costs
60
%
Materials
100
%
Costs incurred:
Direct materials
$110,000
Direct labor
$501,484
Overhead
$187,100
Show the assignment of costs to units transferred out and in
process.
Transferred out
$
Ending work in process
$
How do I calculate the...
Exercise 9-13 (Part Level Submission)
(Video)
Fultz Company has accumulated the following budget data for the
year 2020.
1.
Sales: 31,160 units, unit selling price $88.
2.
Cost of one unit of finished goods: direct materials 1 pound at
$6 per pound, direct labor 3 hours at $13 per hour, and
manufacturing overhead $6 per direct labor hour.
3.
Inventories (raw materials only): beginning, 10,280 pounds;
ending, 15,490 pounds.
4.
Selling and administrative expenses: $170,000; interest
expense: $30,000.
5.
Income...
Problem 17-7A (Part Level Submission) Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows Percentage 80 % Production Data-BicyclesUnitsComplete Work in process units, March 1 Units started into production Work in process units, March 31 200 1,000 300 40 % Cost Data-Bicycles...
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