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Question 9 View Policies Show Allempt History Current Attempt In Progress Incomplete manufacturing cost data for...
Exercise 14-11 Incomplete manufacturing cost data for Horizon Company for 2017 are presented as follows for...
Exercise 14-11
Incomplete manufacturing cost data for Horizon Company for 2017
are presented as follows for four different situations.
Indicate the missing amount for each letter. Direct Materials Used Direct Labor Used Manufacturing Overhead Total Manufacturing Costs Work in Process 1/1 Work in Process 12/31 Cost of Goods Manufactured (1) $122,000 $141,000 $90,500 $36,600 (b) $366,000 (2) 201,100 134,400 455,000 44,400 474,700 (d) 64,300 (3) 85,700 101,800 270,700 (f) 83,000 (h) (F) 272,200 (4) (4) 75,100 (9) 76,700 290,300 50,800...
Question 6 --/1 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which...
Question 6 --/1 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 5,275.) Case A Case B Direct materials used $...
Question 5 of 6 < 073 TIL View Policies Show Attempt History Current Attempt in Progress...
Question 5 of 6 < 073 TIL View Policies Show Attempt History Current Attempt in Progress Marigold Corp. incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $123,900 67,500 8,420 116,200 24,600 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $49,600 23,400 24,000 41,100 53,000 Work in process inventory was $14,700 at January 1 and...
Question o View Policies Show Attempt History Current Attempt in Progress Case Inc. is a construction...
Question o View Policies Show Attempt History Current Attempt in Progress Case Inc. is a construction company specializing in astom patios The paton are constructed of concrete, brick, berglas, and lumber, depending upon customer preference On June 1, 2017, the general ledger for Case Inc.contains the following de 32 Raw Materials Inventory $4242 Manufacturing Overhead Appled Work in Process Inventory $5.595 Manutachuring Overheadincurred $3L7 Subnidary data for Work in Proce invertory on June 1aetllows Job Cost Sheets Customer Job Cost...
- /20 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses...
- /20 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, es 15.25 and final answers to decimal places, es 5,275) Case (a) $87.700 Case A 1 52.000 41.600 Direct materials...
Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially...
Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Concord Music Company makes custom marimbas and xylophones. Since much of the work on these musical instruments is done by hand, the company uses direct labor hours as its manufacturing overhead application base. The company's annual budgeted overhead costs for 73,500 direct labor hours totaled $588,000. (a) Assume that during the year, the company incurred manufacturing overhead totaling $590,000 for 73,500 direct labor...
Question 2 View Policies Current Attempt in Progress ort A job order cost sheet for Ryan...
Question 2 View Policies Current Attempt in Progress ort A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units or Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 6,300 6,980 4,886 6,980 9,200 7,360 3,000 4,000 3,200 16,280 20,180 15,446 Cost of completed job: Direct materials $16,280 Direct labor 20,180 Manufacturing overhead 15,446 Total cost $51,906 Tinit cnct 1051 02.2000 42505 Cost of completed job: Direct materials $16.280 20,180 Direct...
View Policies Show Attempt History Current Attempt in Progress Tierney Company begins operations on April 1....
View Policies Show Attempt History Current Attempt in Progress Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number 10 Manufacturing Costs Assigned Month April May June Completed $5,300 $4,800 May 6,100 4,900 $2,200 June 2,300 April 5.100 5,000 June 6,800 4,600 Not complete 11 12 13 14 Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
Question 1 View Policies Current Attempt in Progress Waterways Corporation is a private corporation formed for...
Question 1 View Policies Current Attempt in Progress Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. The mission of Waterways is to manufacture quality...
Exercise 14-11
Incomplete manufacturing cost data for Horizon Company for 2017
are presented as follows for four different situations.
Indicate the missing amount for each letter. Direct Materials Used Direct Labor Used Manufacturing Overhead Total Manufacturing Costs Work in Process 1/1 Work in Process 12/31 Cost of Goods Manufactured (1) $122,000 $141,000 $90,500 $36,600 (b) $366,000 (2) 201,100 134,400 455,000 44,400 474,700 (d) 64,300 (3) 85,700 101,800 270,700 (f) 83,000 (h) (F) 272,200 (4) (4) 75,100 (9) 76,700 290,300 50,800...
Question 6 --/1 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 5,275.) Case A Case B Direct materials used $...
Question 5 of 6 < 073 TIL View Policies Show Attempt History Current Attempt in Progress Marigold Corp. incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $123,900 67,500 8,420 116,200 24,600 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $49,600 23,400 24,000 41,100 53,000 Work in process inventory was $14,700 at January 1 and...
Question o View Policies Show Attempt History Current Attempt in Progress Case Inc. is a construction company specializing in astom patios The paton are constructed of concrete, brick, berglas, and lumber, depending upon customer preference On June 1, 2017, the general ledger for Case Inc.contains the following de 32 Raw Materials Inventory $4242 Manufacturing Overhead Appled Work in Process Inventory $5.595 Manutachuring Overheadincurred $3L7 Subnidary data for Work in Proce invertory on June 1aetllows Job Cost Sheets Customer Job Cost...
- /20 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, es 15.25 and final answers to decimal places, es 5,275) Case (a) $87.700 Case A 1 52.000 41.600 Direct materials...
Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Concord Music Company makes custom marimbas and xylophones. Since much of the work on these musical instruments is done by hand, the company uses direct labor hours as its manufacturing overhead application base. The company's annual budgeted overhead costs for 73,500 direct labor hours totaled $588,000. (a) Assume that during the year, the company incurred manufacturing overhead totaling $590,000 for 73,500 direct labor...
Question 2 View Policies Current Attempt in Progress ort A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units or Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 6,300 6,980 4,886 6,980 9,200 7,360 3,000 4,000 3,200 16,280 20,180 15,446 Cost of completed job: Direct materials $16,280 Direct labor 20,180 Manufacturing overhead 15,446 Total cost $51,906 Tinit cnct 1051 02.2000 42505 Cost of completed job: Direct materials $16.280 20,180 Direct...
View Policies Show Attempt History Current Attempt in Progress Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Job Number 10 Manufacturing Costs Assigned Month April May June Completed $5,300 $4,800 May 6,100 4,900 $2,200 June 2,300 April 5.100 5,000 June 6,800 4,600 Not complete 11 12 13 14 Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
Question 1 View Policies Current Attempt in Progress Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. The mission of Waterways is to manufacture quality...
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