Need major help on requirements 1-4 please!!
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Need major help on requirements 1-4 please!!
Atlanta Office Equipment manufactures and sells metal shelving. It...
Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs...
Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): Direct materials used $144,000 V Direct manufacturing labor costs 46,000 V Plant energy costs 3,000 V Indirect manufacturing labor costs 15,000 V Indirect manufacturing labor costs 17,000 F Other indirect manufacturing costs 6,000 V Other indirect manufacturing costs 21,000 F Marketing, distribution, and customer-service costs 124,000 V Marketing, distribution, and...
2-45 Comprehensive problem on unit costs, product costs. Atlanta Office Equipment manufactures and sells metal shelving....
2-45 Comprehensive problem on unit costs, product costs. Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): Direct materials used Direct manufacturing labor costs Plant energy costs Indirect manufacturing labor costs Indirect manufacturing labor costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer-service costs Marketing, distribution, and customer-service costs Administrative costs $140,000 V 22,000 V...
P2-45 (similar to) Houston Office Equipment manufactures and sells metal shelving. It began operations on January...
P2-45 (similar to) Houston Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 (Click the icon to view the costs incurred during 2017.) (Click the icon to view the inventory data.) Revenues in 2017 were $491,400. The selling price per unit and the purchase price per pound of direct materials were stablo cost for 2017. Finished-goods inventory at December 31, 2017, was $20,970. Read the requirements. Requirement 1. Calculate direct materials inventory, total cost, December...
Houston Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 ?(click...
Houston Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 ?(click the icon to view the costs incurred during 2017 ?(Click the icon to view the inventory data. Revenues in 2017 were $423,500. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished-goods inventory at December 31, 2017,...
I'd be grateful if someone could show how to approach this management accounting problem. Thanks in...
I'd be grateful if someone could show how to approach this
management accounting problem. Thanks in advance.
Soo Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2013. Costs incurred for 2013 are as follows (V stands for variable; F stands for fixed): Direct materials used costs Direct manufacturing labour costs Plant energy costs Indirect manufacturing labour costs Indirect manufacturing labour costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer-service costs Marketing,...
ALASKA MANUFACTURING ……. began its first year of operations on January 1, 2018. Costs incurred for...
ALASKA MANUFACTURING ……. began its first year of operations on January 1, 2018. Costs incurred for 2018 were as follows: Direct materials used $147,600 Variable Direct manufacturing labor cots 38,400 Variable Plant energy costs 2,000 Variable Indirect manufacturing labor costs 14,000 Variable Indirect manufacturing labor costs 19,000 Fixed Other indirect production costs 11,000 Variable Other indirect production costs 14,000 Fixed Marketing, distribution and customer-service costs 128,000 Variable Marketing, distribution and customer-service costs 48,000 Fixed Administrative costs 56,000 Fixed Variable manufacturing...
ALASKA MANUFACTURING began its first year of operations on January 1, 2018. Costs incurred for 2018...
ALASKA MANUFACTURING began its first year of operations on January 1, 2018. Costs incurred for 2018 were as follows: $147,600 Variable Direct materials used Direct manufacturing labor cots 38,400 Variable Plant energy costs 2,000 Variable Indirect manufacturing labor costs 14,000 Variable Indirect manufacturing labor costs Other indirect production costs 19,000 Fixed 11,000 Variable Other indirect production costs 14,000 Fixed Marketing, distribution and customer-service costs 128,000 Variable Marketing, distribution and customer-service costs 48,000 Fixed 56,000 Fixed Administrative costs Variable manufacturing costs...
I only need requirement 2 solved please! I believe my answer is correct, but not sure....
I only need requirement 2
solved please! I believe my answer is correct, but not sure.
Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Begin by preparing the schedule of cost of goods manufactured in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Beginning of 2017 24,000 23,000 13,000 Rouse Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of...
(my answers were wrong) please help The Howell Corporation has the following account balances (in millions):...
(my answers were wrong) please help
The Howell Corporation has the following account balances (in millions): (Click the icon to view the account balances.) Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017 Begin by preparing the schedule of cost of goods manufactured (in millions). Start with the direct materials and labor costs, then indirect manufacturing costs, and finally complete the schedule by calculating the cost of goods...
Requirement 1. Prepare a schedule for the cost of goods manufactured for 20172017. Begin by preparing...
Requirement 1. Prepare a schedule for the cost of goods manufactured for 20172017. Begin by preparing the schedule of cost of goods manufactured (in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Neal Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials: Beginning inventory, Jan. 1, 2017 Purchases of direct materials Cost of direct materials...
2-45 Comprehensive problem on unit costs, product costs. Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): Direct materials used Direct manufacturing labor costs Plant energy costs Indirect manufacturing labor costs Indirect manufacturing labor costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer-service costs Marketing, distribution, and customer-service costs Administrative costs $140,000 V 22,000 V...
P2-45 (similar to) Houston Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 (Click the icon to view the costs incurred during 2017.) (Click the icon to view the inventory data.) Revenues in 2017 were $491,400. The selling price per unit and the purchase price per pound of direct materials were stablo cost for 2017. Finished-goods inventory at December 31, 2017, was $20,970. Read the requirements. Requirement 1. Calculate direct materials inventory, total cost, December...
Houston Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 ?(click the icon to view the costs incurred during 2017 ?(Click the icon to view the inventory data. Revenues in 2017 were $423,500. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished-goods inventory at December 31, 2017,...
I'd be grateful if someone could show how to approach this
management accounting problem. Thanks in advance.
Soo Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2013. Costs incurred for 2013 are as follows (V stands for variable; F stands for fixed): Direct materials used costs Direct manufacturing labour costs Plant energy costs Indirect manufacturing labour costs Indirect manufacturing labour costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer-service costs Marketing,...
ALASKA MANUFACTURING began its first year of operations on January 1, 2018. Costs incurred for 2018 were as follows: $147,600 Variable Direct materials used Direct manufacturing labor cots 38,400 Variable Plant energy costs 2,000 Variable Indirect manufacturing labor costs 14,000 Variable Indirect manufacturing labor costs Other indirect production costs 19,000 Fixed 11,000 Variable Other indirect production costs 14,000 Fixed Marketing, distribution and customer-service costs 128,000 Variable Marketing, distribution and customer-service costs 48,000 Fixed 56,000 Fixed Administrative costs Variable manufacturing costs...
I only need requirement 2
solved please! I believe my answer is correct, but not sure.
Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Begin by preparing the schedule of cost of goods manufactured in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Beginning of 2017 24,000 23,000 13,000 Rouse Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of...
(my answers were wrong) please help
The Howell Corporation has the following account balances (in millions): (Click the icon to view the account balances.) Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017 Begin by preparing the schedule of cost of goods manufactured (in millions). Start with the direct materials and labor costs, then indirect manufacturing costs, and finally complete the schedule by calculating the cost of goods...
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