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need to figure out the Manufacturing Costs, Cost of Goods
Manufactured, and Cost of Goods...
QUESTION 1 Not complete Marked out of 32.00 Flag question Schedule of Cost of Goods Manufactured...
QUESTION 1 Not complete Marked out of 32.00 Flag question Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company: Administrative salaries (non-factory) Administrative rent (non-factory) Advertising and promotion expense Depreciation-administrative Depreciation-factory Depreciation-selling Direct labor Factory rent Factory supplies used Finished goods inventory (January 1) Finished goods inventory (December 31) Indirect material used Indirect labor Materials inventory (January 1) Materials inventory (December 31) Net delivered cost of materials purchased $35,000 17,500...
Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the...
Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the year ended December 31,2016, assuming that there were no other manufacturing overhead items than those listed above Do not use negative signs with any of your answers. Lederman Manufacturing Corporation Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: Beginning materials inventory $ 60000 x Beginning work in process inv X 60000 x Cost of material available...
Need help with 3-5 Schedule of cost of goods manufactured Beginning raw material $ 155,000.00 Raw...
Need help with 3-5
Schedule of cost of goods manufactured Beginning raw material $ 155,000.00 Raw material purchase $ 45,000.00 Total raw material available $ 200,000.00 Less: Ending raw material $ 70,000.00 Raw material used in production $ $ 130,000.00 167,000.00 Direct labor Factory Overhead: Indirect Material $ 15,000.00 Indirect Labor $ 120,000.00 Depreciation - Plant and Equipment $ 24,000.00 Plant Utilities $ 58,000.00 Plant Insurance $ 12,000.00 Plant property tax $ 5,800.00 Total Factory Overhead $ 234,800.00 Total manufacturing...
PA2-8 Recording Manufacturing Costs, Preparing a Cost of Goods Manufactured Report, and Calculating Income from Operations...
PA2-8 Recording Manufacturing Costs, Preparing a Cost of Goods
Manufactured Report, and Calculating Income from Operations [LO
2-3, 2-4, 2-5, 2-6]
Dobson Manufacturing Company uses a job order cost system with
manufacturing overhead applied to products on the basis of direct
labor dollars. At the beginning of the most recent period, the
company estimated its total direct labor cost to be $65,000 and its
total manufacturing overhead cost to be $91,000.
Several incomplete general ledger accounts show the transactions
that...
Calculate XYZ Company's: A)Cost of Goods Manufactured for 2020 B)Conversion costs for 2020 C)Sales Commission for...
Calculate XYZ Company's:
A)Cost of Goods Manufactured for 2020
B)Conversion costs for 2020
C)Sales Commission for 2020
XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 50,000 38,000 32,000 December 31, 2020 37,000 41,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: $129,000 37,000 590,000 30,000 Sales revenue ......................................... : : Direct materials purchased ....... .................. Depreciation, factory equipment ......................... Sales...
Calculate XYZ Company's: A)Cost of Goods Manufactured for 2020 B)Conversion costs for 2020 C)Sales Commission for...
Calculate XYZ Company's:
A)Cost of Goods Manufactured for 2020
B)Conversion costs for 2020
C)Sales Commission for 2020
XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 50,000 38,000 32,000 December 31, 2020 37,000 41,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: $129,000 37,000 590,000 30,000 Sales revenue ......................................... : : Direct materials purchased ....... .................. Depreciation, factory equipment ......................... Sales...
I just need help with the first question, i need to have manufacturing overhead calculated for...
I just need help with the first question, i need to have
manufacturing overhead calculated for the information presented
above. Thank you!
Chapter 2 - In-Class Activity Andrews, Inc. has the following information available concerning actual costs for the period ending December 31, 2016: 1. Factory utility costs - $7,500. 2. Advertising costs - $50,000. 3. Indirect material costs - $2,500. 4. Machine hours used: a. Job 250 - 2,500. b. Job 251 -2,000. c. Job 252 -4,000 5. Depreciation...
Accounting 2120 Chapter 15 - Managerial Accounting Assignment 3 II. Classifying Costs, Calculating Cost of Goods...
Accounting 2120 Chapter 15 - Managerial Accounting Assignment 3 II. Classifying Costs, Calculating Cost of Goods Manufactured, and Preparing an Income Statement Madison Company has the following information available: Cost Amount Amount Cost Depreciation - Factory Equipment 1,100 Indirect Labor 3,000 4,000 15,550 Factory Utilities Factory Maintenance Production Supervisor's Salary Sales Commissions 30,000 120,000 48,990 Direct Labor Wages 14,000 Direct Material Purchases 98,000 Depreciation Office Equipment 1,500 Factory Insurance President's Salary 2,000 Office Utilities 3,800 12,500 Cash 62,300 Accounts Receivable...
PA2-8 (Algo) Recording Manufacturing Costs, Preparing a cost of Goods Manufactured Report, and Calculating Income from...
PA2-8 (Algo) Recording Manufacturing Costs, Preparing a cost of Goods Manufactured Report, and Calculating Income from Operations (LO 2-3, 2-4,2-5,2-6) Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $58,000 and its total manufacturing overhead cost to be $104,400. Several incomplete general ledger accounts show the transactions that occurred...
i need help Exercise 3-7 Applying Overhead; Cost of Goods Manufactured (LO3-3, LO3-4) The following cost...
i need help
Exercise 3-7 Applying Overhead; Cost of Goods Manufactured (LO3-3, LO3-4) The following cost data relate to the manufacturing activities of Chang Company during the just completed year. Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in...
QUESTION 1 Not complete Marked out of 32.00 Flag question Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company: Administrative salaries (non-factory) Administrative rent (non-factory) Advertising and promotion expense Depreciation-administrative Depreciation-factory Depreciation-selling Direct labor Factory rent Factory supplies used Finished goods inventory (January 1) Finished goods inventory (December 31) Indirect material used Indirect labor Materials inventory (January 1) Materials inventory (December 31) Net delivered cost of materials purchased $35,000 17,500...
Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the year ended December 31,2016, assuming that there were no other manufacturing overhead items than those listed above Do not use negative signs with any of your answers. Lederman Manufacturing Corporation Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: Beginning materials inventory $ 60000 x Beginning work in process inv X 60000 x Cost of material available...
Need help with 3-5
Schedule of cost of goods manufactured Beginning raw material $ 155,000.00 Raw material purchase $ 45,000.00 Total raw material available $ 200,000.00 Less: Ending raw material $ 70,000.00 Raw material used in production $ $ 130,000.00 167,000.00 Direct labor Factory Overhead: Indirect Material $ 15,000.00 Indirect Labor $ 120,000.00 Depreciation - Plant and Equipment $ 24,000.00 Plant Utilities $ 58,000.00 Plant Insurance $ 12,000.00 Plant property tax $ 5,800.00 Total Factory Overhead $ 234,800.00 Total manufacturing...
PA2-8 Recording Manufacturing Costs, Preparing a Cost of Goods
Manufactured Report, and Calculating Income from Operations [LO
2-3, 2-4, 2-5, 2-6]
Dobson Manufacturing Company uses a job order cost system with
manufacturing overhead applied to products on the basis of direct
labor dollars. At the beginning of the most recent period, the
company estimated its total direct labor cost to be $65,000 and its
total manufacturing overhead cost to be $91,000.
Several incomplete general ledger accounts show the transactions
that...
Calculate XYZ Company's:
A)Cost of Goods Manufactured for 2020
B)Conversion costs for 2020
C)Sales Commission for 2020
XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 50,000 38,000 32,000 December 31, 2020 37,000 41,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: $129,000 37,000 590,000 30,000 Sales revenue ......................................... : : Direct materials purchased ....... .................. Depreciation, factory equipment ......................... Sales...
Calculate XYZ Company's:
A)Cost of Goods Manufactured for 2020
B)Conversion costs for 2020
C)Sales Commission for 2020
XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 50,000 38,000 32,000 December 31, 2020 37,000 41,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: $129,000 37,000 590,000 30,000 Sales revenue ......................................... : : Direct materials purchased ....... .................. Depreciation, factory equipment ......................... Sales...
I just need help with the first question, i need to have
manufacturing overhead calculated for the information presented
above. Thank you!
Chapter 2 - In-Class Activity Andrews, Inc. has the following information available concerning actual costs for the period ending December 31, 2016: 1. Factory utility costs - $7,500. 2. Advertising costs - $50,000. 3. Indirect material costs - $2,500. 4. Machine hours used: a. Job 250 - 2,500. b. Job 251 -2,000. c. Job 252 -4,000 5. Depreciation...
Accounting 2120 Chapter 15 - Managerial Accounting Assignment 3 II. Classifying Costs, Calculating Cost of Goods Manufactured, and Preparing an Income Statement Madison Company has the following information available: Cost Amount Amount Cost Depreciation - Factory Equipment 1,100 Indirect Labor 3,000 4,000 15,550 Factory Utilities Factory Maintenance Production Supervisor's Salary Sales Commissions 30,000 120,000 48,990 Direct Labor Wages 14,000 Direct Material Purchases 98,000 Depreciation Office Equipment 1,500 Factory Insurance President's Salary 2,000 Office Utilities 3,800 12,500 Cash 62,300 Accounts Receivable...
PA2-8 (Algo) Recording Manufacturing Costs, Preparing a cost of Goods Manufactured Report, and Calculating Income from Operations (LO 2-3, 2-4,2-5,2-6) Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $58,000 and its total manufacturing overhead cost to be $104,400. Several incomplete general ledger accounts show the transactions that occurred...
i need help
Exercise 3-7 Applying Overhead; Cost of Goods Manufactured (LO3-3, LO3-4) The following cost data relate to the manufacturing activities of Chang Company during the just completed year. Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in...
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