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4. Information from the records of the Conundrum Company for September 2018 was as follows: Sales...
Information from the records of the Conundrum Company for September 2019 was as follows: Sales $307,500...
Information from the records of the Conundrum Company for September 2019 was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor 75,000 Variable factory overhead 50,000 Factory overhead 51,250 Inventories Sept. 1. 2019 Sept 30, 2019 Direct materials $8,000 $10,500 Work in process 18,750 21,000 Finished goods 17,250 14,250 Conundrum Corporation produced 20,000 units. Refer to Figure 2-12. What are the conversion costs per unit? Inventories Sept. 1, 2019 Sept 30, 2019 Direct materials...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Direct materials Inventories July 1, 2018 July 31, 2018 $36,000.... ... $.42.000 75,000 84,000 69,000 57,000 Work in process Finished goods The prime costs are: a) $ 210,000. b) $ 264,000. c) $ 300,000 d) $ 564,000
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 405,000 (variable Factory overhead $205,000;fixed $200,000) Inventories Direct materials Work in process Finished goods July 1, 2018 $36,000 75,000 69,000 July 31, 2018 $. 42.000 84,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000. D) $ 764,000.
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 Factory overhead 405,000 (variable $205,000;fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000 D) $ 764,000 Answer: _(3 points)
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $ 36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The prime costs are: a) $ 210,000 The prime costs are: a) $ 210,000. b) $ 264,000 c) $ 300,000 d)...
5. The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000...
5. The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000 Selling and administrative expenses 250,000 Direct materials purchases 205,000 Direct labor 298 000 Factory overhead 350,000 Direct materials, December 1 50,000 Work-in-process, December 1 85,000 Finished goods, December 1 64,000 Direct materials, December 31 41.000 Work-in-process, December 31 72.000 Finished goods, December 31 55,000 The net income for the month of December is: (4 Points) $875,000 $916,000 S884,000 $770,000.
4. Information from the records of Cain Corporation for December of the current year is as...
4. Information from the records of Cain Corporation for December of the current year is as follows: Sales Selling and administrative expenses Direct materials used Direct labor Factory overhead $1,230,000 210,000 264,000 300,000 405,000 Direct materials Work in process Finished goods Inventories Dec. 1 Dec. 31 $36,000 $42,000 75,000 84,000 69,000 57,000 The conversion costs are: a. $960,000. b. $1,179,000. c. $705,000. d. $564,000. 5. Rancor Inc. had a per-unit conversion cost of $2.50 during April and incurred direct materials...
Information about Morton Company for the month ending December 31, 2018, is as follows: Sales $650,000...
Information about Morton Company for the month ending December 31, 2018, is as follows: Sales $650,000 Cost of goods sold 452,000 Net operating income 35,000 Beginning inventories: Direct materials 50,000 Work in process 42,000 Finished goods 70,000 Ending direct materials is 20 percent smaller than beginning direct materials. Ending work in process is 10 percent more than the beginning work in process. Ending finished goods increased by $11,000 during the year. Prime costs and conversion costs are 70 percent and...
Question 6 (1 point) Items 6, 7 and 8 are based upon the following information for...
Question 6 (1 point) Items 6, 7 and 8 are based upon the following information for the month of September 2020 for the ASU Company. Inventories Sept. 01 Sept. 30 Materials $150,000 $175,000 Work in Process 130,000 100,000 Finished Goods 30,000 50,000 During September Materials Purchased $400.000 Direct Labor $300,000 Factory Overhead $200,000 What is the amount of "materials place into production" for the month of September?
The following data are from BBC Inc. accounting records at December 31, 2018. Sales 500,000 Raw...
The following data are from BBC Inc. accounting records at December 31, 2018. Sales 500,000 Raw materials inventory, beginning 8,000 Raw material ending 4,000 Purchase of raw materials (To be determined) Direct labour 30,000 Prime cost (total) 110,000 Indirect materials 20,000 Commissions 36,000 Work in process beginning inventory 8000 Work in process ending inventory 6000 Depreciation - equipment 20,000 Depreciation - factory 22,000 Finished good inventory beginning 10,000 Finished good inventory ending (To be determined) Maintenance expense 8,000 General office...
Information from the records of the Conundrum Company for September 2019 was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor 75,000 Variable factory overhead 50,000 Factory overhead 51,250 Inventories Sept. 1. 2019 Sept 30, 2019 Direct materials $8,000 $10,500 Work in process 18,750 21,000 Finished goods 17,250 14,250 Conundrum Corporation produced 20,000 units. Refer to Figure 2-12. What are the conversion costs per unit? Inventories Sept. 1, 2019 Sept 30, 2019 Direct materials...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Direct materials Inventories July 1, 2018 July 31, 2018 $36,000.... ... $.42.000 75,000 84,000 69,000 57,000 Work in process Finished goods The prime costs are: a) $ 210,000. b) $ 264,000. c) $ 300,000 d) $ 564,000
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 405,000 (variable Factory overhead $205,000;fixed $200,000) Inventories Direct materials Work in process Finished goods July 1, 2018 $36,000 75,000 69,000 July 31, 2018 $. 42.000 84,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000. D) $ 764,000.
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 Factory overhead 405,000 (variable $205,000;fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000 D) $ 764,000 Answer: _(3 points)
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $ 36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The prime costs are: a) $ 210,000 The prime costs are: a) $ 210,000. b) $ 264,000 c) $ 300,000 d)...
5. The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000 Selling and administrative expenses 250,000 Direct materials purchases 205,000 Direct labor 298 000 Factory overhead 350,000 Direct materials, December 1 50,000 Work-in-process, December 1 85,000 Finished goods, December 1 64,000 Direct materials, December 31 41.000 Work-in-process, December 31 72.000 Finished goods, December 31 55,000 The net income for the month of December is: (4 Points) $875,000 $916,000 S884,000 $770,000.
4. Information from the records of Cain Corporation for December of the current year is as follows: Sales Selling and administrative expenses Direct materials used Direct labor Factory overhead $1,230,000 210,000 264,000 300,000 405,000 Direct materials Work in process Finished goods Inventories Dec. 1 Dec. 31 $36,000 $42,000 75,000 84,000 69,000 57,000 The conversion costs are: a. $960,000. b. $1,179,000. c. $705,000. d. $564,000. 5. Rancor Inc. had a per-unit conversion cost of $2.50 during April and incurred direct materials...
Question 6 (1 point) Items 6, 7 and 8 are based upon the following information for the month of September 2020 for the ASU Company. Inventories Sept. 01 Sept. 30 Materials $150,000 $175,000 Work in Process 130,000 100,000 Finished Goods 30,000 50,000 During September Materials Purchased $400.000 Direct Labor $300,000 Factory Overhead $200,000 What is the amount of "materials place into production" for the month of September?
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