Homework Answers
| Cost of goods manufactured Schedule | ||||
| Particulars | Amount | |||
| Opening | ||||
| Work in process | 5670 | |||
| Raw material | 9500 | |||
| Purchased during june | 58740 | |||
| less : | Closing raw material | 16180 | ||
| Total raw material used | 57730 | |||
| Direct labor | 50330 | |||
| Manufacturing overhead | ||||
| Indirect labor | 6740 | |||
| factory Insurance | 4430 | |||
| Machinery depreciation | 4720 | |||
| Factory utilities | 3840 | |||
| Machinery Repairs | 2290 | |||
| Miscellaneous Factory costs | 1940 | 23960 | ||
| Total cost incurred | 132020 | |||
| less: | closing Work in process | 8560 | ||
| Cost of goods manufactured | 123460 | |||
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Exercise 14-16 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017. Inventory Beginning Ending Raw materials $9,430 $17,470 Work in process 6,670 7,720 Finished goods 9,860 6,990 Costs incurred: raw materials purchases $57,270, direct labor $48,240, manufacturing overhead $24,920. The specific overhead costs were: indirect labor $7,330, factory insurance $4,970, machinery depreciation $4,730, machinery repairs $2,690, factory utilities $3,510, and miscellaneous factory costs $1,690. Assume that all raw materials used...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,880 $15,510 Work in process 5,790 9,050 Finished goods 9,760 6,530 Costs incurred: raw materials purchases $57,720, direct labor $51,130, manufacturing overhead $23,970. The specific overhead costs were: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities $3,570, and miscellaneous factory costs $1,800. Assume that all raw materials used...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,880 $15,510 Work in process 5,790 9,050 Finished goods 9,760 6,530 Costs incurred: raw materials purchases $57,720, direct labor $51,130, manufacturing overhead $23,970. The specific overhead costs were: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities $3,570, and miscellaneous factory costs $1,800. Assume that all raw materials used...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,880 $15,510 Work in process 5,790 9,050 Finished goods 9,760 6,530 Costs incurred: raw materials purchases $57,720, direct labor $51,130, manufacturing overhead $23,970. The specific overhead costs were: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities $3,570, and miscellaneous factory costs $1,800. Assume that all raw materials used...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Raw materials Work in process Finished goods Beginning Ending $9,760 $16,300 6,240 7,420 9,300 6,730 Costs incurred: raw materials purchases $55,480, direct labor $49,600, manufacturing overhead $22,610. The specific overhead costs were: indirect labor $6,460, factory insurance $4,400, machinery depreciation $4,190, machinery repairs $2,180, factory utilities $3,740, and miscellaneous factory costs $1,640. Assume that all raw materials used...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,630 $15,590 Work in process 5,810 7,430 Finished goods 9,820 6,450 Costs incurred: raw materials purchases $54,490, direct labor $50,940, manufacturing overhead $22,940. The specific overhead costs were: indirect labor $5,860, factory insurance $4,260, machinery depreciation $4,220, machinery repairs $2,630, factory utilities $3,990, and miscellaneous factory costs $1,980. Assume that all raw materials used...
help. An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for...
help.
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Raw materials Work in process Finished goods Beginning Ending $9,760 $16,300 6,240 7,420 9,300 6,730 Costs incurred: raw materials purchases $55,480, direct labor $49,600, manufacturing overhead $22.610. The specific overhead costs were: indirect labor $6,460, factory insurance $4,400, machinery depreciation $4,190, machinery repairs $2,180, factory utilities $3,740, and miscellaneous factory costs $1,640. Assume that all raw materials...
An analysis of the accounts of Swifty Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Swifty Company reveals the following manufacturing cost data for the month ended June 30, 2017 Inventory Beginning Ending Raw materials $9.430 $17,340 Work in process 6,690 8,700 Finished goods 9,360 6,410 Costs incurred: raw materials purchases $56,520, direct labor $50,670, manufacturing overhead $22,530. The specific overhead costs were Indirect labor $6,160, factory insurance $4,200, machinery depreciation 54,460, machinery repairs 52.470, factory i s $3,510, and miscellaneous factory costs $1.730. Assume that a raw materials...
An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning Ending $11,100 $11,600 7,000 5,300 10,200 11,400 Costs incurred: raw materials purchases $67,400, direct labor $50,500, manufacturing overhead $27,000. The specific overhead costs were: indirect labor $6,900, factory insurance $5,500, machinery depreciation $5,700, machinery repairs $2,800, factory utilities $3,400, miscellaneous factory costs $1,870. Assume that all raw materials used were...
An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the...
An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning Ending $11,100 $11,600 7,000 5,300 10,200 11,400 Costs incurred: raw materials purchases $67,400, direct labor $50,500, manufacturing overhead $27,000. The specific overhead costs were: indirect labor $6,900, factory insurance $5,500, machinery depreciation $5,700, machinery repairs $2,800, factory utilities $3,400, miscellaneous factory costs $1,870. Assume that all raw materials used were...
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Raw materials Work in process Finished goods Beginning Ending $9,760 $16,300 6,240 7,420 9,300 6,730 Costs incurred: raw materials purchases $55,480, direct labor $49,600, manufacturing overhead $22,610. The specific overhead costs were: indirect labor $6,460, factory insurance $4,400, machinery depreciation $4,190, machinery repairs $2,180, factory utilities $3,740, and miscellaneous factory costs $1,640. Assume that all raw materials used...
help.
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Raw materials Work in process Finished goods Beginning Ending $9,760 $16,300 6,240 7,420 9,300 6,730 Costs incurred: raw materials purchases $55,480, direct labor $49,600, manufacturing overhead $22.610. The specific overhead costs were: indirect labor $6,460, factory insurance $4,400, machinery depreciation $4,190, machinery repairs $2,180, factory utilities $3,740, and miscellaneous factory costs $1,640. Assume that all raw materials...
An analysis of the accounts of Swifty Company reveals the following manufacturing cost data for the month ended June 30, 2017 Inventory Beginning Ending Raw materials $9.430 $17,340 Work in process 6,690 8,700 Finished goods 9,360 6,410 Costs incurred: raw materials purchases $56,520, direct labor $50,670, manufacturing overhead $22,530. The specific overhead costs were Indirect labor $6,160, factory insurance $4,200, machinery depreciation 54,460, machinery repairs 52.470, factory i s $3,510, and miscellaneous factory costs $1.730. Assume that a raw materials...
An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning Ending $11,100 $11,600 7,000 5,300 10,200 11,400 Costs incurred: raw materials purchases $67,400, direct labor $50,500, manufacturing overhead $27,000. The specific overhead costs were: indirect labor $6,900, factory insurance $5,500, machinery depreciation $5,700, machinery repairs $2,800, factory utilities $3,400, miscellaneous factory costs $1,870. Assume that all raw materials used were...
An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning Ending $11,100 $11,600 7,000 5,300 10,200 11,400 Costs incurred: raw materials purchases $67,400, direct labor $50,500, manufacturing overhead $27,000. The specific overhead costs were: indirect labor $6,900, factory insurance $5,500, machinery depreciation $5,700, machinery repairs $2,800, factory utilities $3,400, miscellaneous factory costs $1,870. Assume that all raw materials used were...
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