Cost of Services Schedule Tab:
- All the numbers needed for this schedule are in the
instructions
- There's no beginning WIP or Direct Materials Inventory
- There's no ending WIP Inventory
Homework Answers
| Statement of Cost of Services | |||||
| Beginning WIP Inventory | $ - | ||||
| Direct Materials: | |||||
| Beginning Materials | $ - | ||||
| Add: | Purchases | $ 5,000.00 | |||
| Material Available for use | $ 5,000.00 | ||||
| Less: | Ending Materials | $ 3,000.00 | |||
| Materials used | $ 2,000.00 | ||||
| Direct Labor | $ 6,240.00 | ||||
| Overhead | $ 2,800.00 | ||||
| Total service costs | $ 11,040.00 | ||||
| Less: | Ending WIP inventory | $ - | |||
| Cost of services | $ 11,040.00 | ||||
Add Answer to:
Cost of Services Schedule Tab:
- All the numbers needed for this schedule are in the...
XYZ Corporation MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual...
XYZ Corporation MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 XYZ Corporation Statement of Cost of Services For the Month Ended January 31, Beginning Work in Process Inventory Direct Materials Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used Direct Labor...
GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be...
GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule VARIANCES Use the data at the top of the schedule to calculate the following: Variance...
please help with COS schedule, income statement, and variances. everything is completed and added for reference....
please help with COS schedule, income statement, and
variances. everything is completed and added for reference.
please complete the last 3 sections
View Help i SUBSCRIPTION EXPIRED To keep using Excel without interruption, please reactivate now. Reactivate H32 X : B for D A C E F G H I J K L M N O P Q 43 For simplicity, base all calculations using 30 days in each month OPERATIONAL DATA Grooming: The Groomer can groom 5 dogs a...
please help with the income statement - + Fit to page D Page view A Read...
please help with the income statement
- + Fit to page D Page view A Read aloud h Add notes Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. o Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below. Note: Your instructor will create an announcement sharing the income...
24. Use the information below to calculate the missing amounts (shown by letters) in the Schedule...
24. Use the information below to calculate the missing amounts (shown by letters) in the Schedule of Raw Materials Placed in Production and the Schedule of Cost of Goods Manufactured. (7 points) Cycle Manufacturing Company Schedule of Raw Materials Placed in Production Month Ended January 31 Raw Materials Inventory, beginning balance Current period raw materials purchases Raw materials available for production Raw Materials Inventory, ending balance Raw materials placed in production Indirect materials included in manufacturing overhead Direct materials placed...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company: Administrative salaries (non-factory) $105,000 Administrative rent (non-factory) 52,500 Advertising and promotion expense 61,500 Depreciation-administrative 33,000 Depreciation-factory 45,000 Depreciation-selling 25,500 Direct labor 262,500 Factory rent 27,000 Factory supplies used 18,000 Finished goods inventory (January 1) 85,500 Finished goods inventory (December 31) 78,000 Indirect material used 21,000 Indirect labor 28,500 Materials inventory (January 1) 19,500 Materials inventory (December 31) 30,000 Net delivered cost...
67 Use the information below to calculate the missing amounts (shown by letters in the Schedule...
67 Use the information below to calculate the missing amounts (shown by letters in the Schedule of Cod of Goods Manufactured and the Schedule of Cost of Goods Sold. 6 Points) S 102.000 Newcastle Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance Current period manufacturing costs: Direct materials 118.000 Direct labor Manufacturing overhead 54,000 Total current period manufacturing costs Total cost of work in process WIP Inventory, ending balance Cost of Goods...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data:...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
XYZ Corporation MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 XYZ Corporation Statement of Cost of Services For the Month Ended January 31, Beginning Work in Process Inventory Direct Materials Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used Direct Labor...
GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule VARIANCES Use the data at the top of the schedule to calculate the following: Variance...
please help with COS schedule, income statement, and
variances. everything is completed and added for reference.
please complete the last 3 sections
View Help i SUBSCRIPTION EXPIRED To keep using Excel without interruption, please reactivate now. Reactivate H32 X : B for D A C E F G H I J K L M N O P Q 43 For simplicity, base all calculations using 30 days in each month OPERATIONAL DATA Grooming: The Groomer can groom 5 dogs a...
please help with the income statement
- + Fit to page D Page view A Read aloud h Add notes Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. o Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below. Note: Your instructor will create an announcement sharing the income...
24. Use the information below to calculate the missing amounts (shown by letters) in the Schedule of Raw Materials Placed in Production and the Schedule of Cost of Goods Manufactured. (7 points) Cycle Manufacturing Company Schedule of Raw Materials Placed in Production Month Ended January 31 Raw Materials Inventory, beginning balance Current period raw materials purchases Raw materials available for production Raw Materials Inventory, ending balance Raw materials placed in production Indirect materials included in manufacturing overhead Direct materials placed...
67 Use the information below to calculate the missing amounts (shown by letters in the Schedule of Cod of Goods Manufactured and the Schedule of Cost of Goods Sold. 6 Points) S 102.000 Newcastle Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance Current period manufacturing costs: Direct materials 118.000 Direct labor Manufacturing overhead 54,000 Total current period manufacturing costs Total cost of work in process WIP Inventory, ending balance Cost of Goods...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Most questions answered within 3 hours.
-
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 42 minutes ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 1 hour ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 1 hour ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 2 hours ago -
Assuming the following has been encrypted with a Vigenere cipher
below, use the method(s) and assumptions...
asked 2 hours ago -
How would I use switch statements to write a program that will
take an input of...
asked 2 hours ago -
Imagine a reaction in which methane gas combusts at a constant
pressure of 1 atm and...
asked 2 hours ago -
Two parallel wires (each 12 m in length) are separated by a
distance of 0.065 m...
asked 2 hours ago -
Suppose there were three masses at the corner of uniform
equilateral triangle. The masses are m1...
asked 2 hours ago -
Situation: A building that is 618 m above the ground floor. How
many times would a...
asked 2 hours ago -
help me and discuss one successful and one
unsuccessful international company/busines in Indonesia.whyit
succeed and why...
asked 2 hours ago -
I- Choose the best answer
Which of the following statements about the structure and
packaging of...
asked 2 hours ago