Homework Answers
| 4.1 | ||||
| Gross Profit | 273000 | |||
| 4.2 | ||||
| Inventories | ||||
| Raw materials | 121000 | =85000+530000-441000-53000 | ||
| Work in Process | 261500 | |||
| Finished goods | 489000 | |||
| Total inventories | 871500 | |||
| Workings: | ||||
| Job 306 | Job 307 | Job 308 | April Total | |
| From March | ||||
| Direct Materials | 28000 | 43000 | 71000 | |
| Direct Labor | 24000 | 13000 | 37000 | |
| Applied overhead | 12000 | 6500 | 18500 | |
| Beginning goods in process | 64000 | 62500 | 0 | 126500 |
| For April | ||||
| Direct Materials | 131000 | 200000 | 110000 | 441000 |
| Direct Labor | 103000 | 151000 | 101000 | 355000 |
| Applied overhead | 51500 | 75500 | 50500 | 177500 |
| Total costs added in April | 285500 | 426500 | 261500 | 973500 |
| Total costs (April 30) | 349500 | 489000 | 261500 | 1100000 |
| Status on April 30 | Finished (sold) | Finished (unsold) | In process | |
| April 30 cost included in: | Cost of goods sold | Finished goods inventory | Goods in process inventory | |
| Actual factory overhead: | ||||
| Indirect materials | 53000 | |||
| Indirect labor | 27000 | |||
| Factory rent | 36000 | |||
| Factory utilities | 22000 | |||
| Factory depreciation equipment | 52000 | |||
| Actual factory overhead | 190000 | |||
| Applied overhead | 177500 | |||
| Underapplied overhead | 12500 | |||
| Sales | 635000 | |||
| Less: Cost of goods sold | 349500 | |||
| Less: Underapplied overhead | 12500 | |||
| Gross Profit | 273000 | |||
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Required information Problem 15.1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27.000; factory rent, $36,000; factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $85.000 Raw materials purchases in April are $530,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27,000, factory rent, $36.000, factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27,000, factory rent, $36,000, factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55.000, indirect labor. $27.000 factory rent, $37,000; factory utilities, $23,000, and factory equipment depreciation, $55,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $24,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are indirect materials, 551,000, indirect labor, $22.000; factory rent, $35,000; factory utilities, $25,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3,...
Required information Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: Indirect materials. $60,000, indirect labor, $28,000 factory rent, $38,000; factory utilities, $22,000, and factory equipment depreciation, $53,000. The predetermined overhead rate is 50%...
Required Information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4...
Required Information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 The following information applies to the questions displayed below. Marcelino Co.'s March 31 Inventory of raw materials is $88.000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in April are: Indirect materials, $60,000. Indirect labor $22,000; factory rent, $39,000; factory utilities, $23.000, and factory equipment depreciation. $61,000. The predetermined overhead rate is 50% of...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385.000 Overhead costs incurred in Aprilare: indirect materials, $58,000; indirect labor, $29,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $23,000; factory rent, $36,000; factory utilities, $21,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27.000; factory rent, $36,000; factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $85.000 Raw materials purchases in April are $530,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27,000, factory rent, $36.000, factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27,000, factory rent, $36,000, factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55.000, indirect labor. $27.000 factory rent, $37,000; factory utilities, $23,000, and factory equipment depreciation, $55,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $24,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are indirect materials, 551,000, indirect labor, $22.000; factory rent, $35,000; factory utilities, $25,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: Indirect materials. $60,000, indirect labor, $28,000 factory rent, $38,000; factory utilities, $22,000, and factory equipment depreciation, $53,000. The predetermined overhead rate is 50%...
Required Information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 The following information applies to the questions displayed below. Marcelino Co.'s March 31 Inventory of raw materials is $88.000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in April are: Indirect materials, $60,000. Indirect labor $22,000; factory rent, $39,000; factory utilities, $23.000, and factory equipment depreciation. $61,000. The predetermined overhead rate is 50% of...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385.000 Overhead costs incurred in Aprilare: indirect materials, $58,000; indirect labor, $29,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $23,000; factory rent, $36,000; factory utilities, $21,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct...
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