J & G Electronics
Inventory | Jan 1, 2018 | Dec 31, 2018 |
Raw Materials | $260,000 | $230,000 |
WOrk In Progress | $332,300 | $218,000 |
Finished Goods | $1,075,200 | $615,000 |
Other information
Sales Revenue | $5,765,000 |
Factory Supplies | $45,000 |
Direct Factory Labour | $735,000 |
Special Design Cost | $15,000 |
Raw materials Purchased | $540,000 |
Plant Jantorial Service | $52,000 |
Depreciation: Plant & Equipment | $165,000 |
Total Utilities | $550,000 |
Plant Supervisory Salary | $480,000 |
Property Taxes | $300,000 |
R&D for Graphic Designs | $70,500 |
Total Insurance | $160,000 |
Delivery Truck Driver's Salary | $125,000 |
Depreciation Delivery Truck | $52,000 |
Administrative Wages and Salary | $850,150 |
ADVERTISING Expense | 1% of revenue |
Of the total utilities, 70% relates to manufacturing and 30% relates to general and administrative cost
The property taxes should be shared 60% manufacturing and 40% general and administrative costs
Of the total insurance 75% relates to plant and equipment and 25% relates to administrative cost.
1. Prepare an income statement for the year clearing showing the calculation of cost of goods sold and list te non-production overheads in order of size starting with the largest.
J & G Electronics Inventory Jan 1, 2018 Dec 31, 2018 Raw Materials $260,000 $230,000 WOrk...
PARTA J&G Electronics design and manufacturer specialized switches for the telecommunications industry. The accounting records of the business reflect the following data at December 31, 2 Inventory 1/1/2018 31/12/2018 Raw Materials $260,000 $230,000 Work in Progress $332 300 $218.800 Finished Goods $1.075 200 $615.000 Other information Sales Revenue $5,765,000 Factory Supplies 45,000 Direct Factory Labor 735,000 Special Design Cost 15,000 Raw Materials Purchased 540,000 Plantanitorial service 52.000 Depreciation: Plant & Equipment 165.000 Total Utilities 550.000 Plant Supervisor's salary 480.000 Property...
A&E Electronics design and manufacturer specialized switches for the telecommunications industry. The accounting records of the business reflect the following data at December 31,2018: Inventory 1/1/2018 31/12/2018 Raw Materials $260000 $230000 Work-in-progress $332300 $218800 Finished Goods $1075200 $615000 Other Information: Sales Revenue $5765000 Factory Supplies $45000 Direct Factory Labour $735000 Special Design cost $15000 Raw Materials Purchased $540000 Plant Janitorial Service $52000 Depreciation: plant and equipment $165000 Total Utilities * $550000 Plant supervisor’s salary $480000 Property Taxes ** $300000 R...
A&E Electronics design and manufacturer specialized switches for the telecommunications industry. The accounting records of the business reflect the following data at December 31,2018: Inventory 1/1/2018 31/12/2018 Raw Materials $260000 $230000 Work-in-progress $332300 $218800 Finished Goods $1075200 $615000 Other Information: Sales Revenue $5765000 Factory Supplies $45000 Direct Factory Labour $735000 Special Design cost $15000 Raw Materials Purchased $540000 Plant Janitorial Service $52000 Depreciation: plant and equipment $165000 Total Utilities * $550000 Plant supervisor’s salary $480000 Property Taxes ** $300000 R...
Fire Furnace Manufacturing Company Provided the following information for the yearn 2019: Inventories 31/12/2018 31/12/2019 Direct Materials $84000 $60000 Work-in-Process 26000 54000 Finished Goods 94000 89000 Other Information: Sales Revenue 1998000 Raw Materials Purchased 360000 Direct Labour 470000 Indirect Materials 60000 Plant Supervisor's Salary 49000 Office Cleaner's Wages 8000 Depreciation on factory plant & equipment 89000 Plant Utilities 130000 Special Design Cost 25700 Insurance * 120000 Office Utilities 42100 Depreciation on delivery truck 18000 Administrative Salaries 78000 Salesmen Commission 26000...
La Sim Manufacturing Company provided the following information for the year 2019 Inventories Direct Materials Work-in-Process Finished Goods 31/12/2018 31/12/2019 $84,000 $60,000 26,000 54,000 94,000 89.000 Other information: Sales Revenue Raw materials purchased Direct labor Indirect materials Plant supervisor's salary Office cleaner's wages Depreciation on factory plant & equipment Plant utilities Special Design Cost Insurance Office Utilities Depreciation on delivery truck Administrative salaries Salesmen commission Advertising 1.998,000 360,000 470,000 60,000 49,000 8,000 89,000 130,000 25,700 120,000 42,100 18,000 78,000 26,000...
need help with this please PART A Miller Corporation is a manufacturer of precision drill bits. The following information pertains to operations during the 2018 calendar year. Sales Revenue Direct Factory Labor Indirect materials used Indirect Factory Labor Total Depreciation Total Utilities a Distribution & Customer Service Costs Insurance on Plant & Equipment Property Taxes Administrative Wages & Salaries Advertising Expenses Sales Commission $13,075.000 3.390,600 314,250 1,232,250 400,000 525.000 67,600 85.000 90,000 876,500 77.500 6% of Sales Revenue of the...
Please provide Solutions for D,E, F & G Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories Direct Materials Work-in-Process Finished Goods 01/07/2019 30/06/2020 $72,000 $65,000 107,000 128,000 149.500 141,700 Other information: Office cleaner's wages Sales Revenue Raw materials purchased Factory wages Indirect materials Delivery truck driver's wages Indirect labor Depreciation on factory plant & equipment Insurance Depreciation on delivery truck Utilities 2 Administrative salaries Special Design Costs Selling expenses Sales Commission 4,500...
Graded Discussion Question Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories Direct Materials Work-in-Process Finished Goods 01/07/2019 30/06/2020 $72,000 $65,000 107,000 128,000 149,500 141,700 Other information: Office cleaner's wages 4.500 Sales Revenue 1,031,000 Raw materials purchased 235,000 Factory wages 239.700 Indirect materials 23.500 Delivery truck driver's wages 15.400 Indirect labor 9.500 Depreciation on factory plant & equipment 32,000 Insurance 60,000 Depreciation on delivery truck 7.250 Utilities 118.750 Administrative salaries 41,250 Special Design...
Diseussion Question _ Week 2 La Sim Manufacturing Company provided the following information for the year 2019: Inventories Direct Materials Work-in-Process Finished Goods 31/12/2018 31/12/2019 $84.000 $60,000 26,000 54.000 94,000 89,000 1,998,000 360,000 470,000 60,000 49,000 8,000 Other information: Sales Revenue Raw materials purchased Direct labor Indirect materials Plant supervisor's salary Office cleaner's wages Depreciation on factory plant & equipment Plant utilities Special Design Cost Insurance Office Utilities Depreciation on delivery truck Administrative salaries Salesmen commission Advertising 130,000 25.700 120,000...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...