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L. 80,00 D. $83,000 15. The following information pertains to the manufacturing activities of Griss Co....
Chapter 2 8. The Putt-Putt Manufacturing Company makes custom golf clubs. The following information pertains to...
Chapter 2 8. The Putt-Putt Manufacturing Company makes custom golf clubs. The following information pertains to a recent month's production activities: Beginning Work in Process Inventory Ending Work in Process Inventory Direct materials purchased Direct materials placed in production Direct labor costs incurred Cost of goods manufactured Cost of goods sold $16,000 12,000 35,000 32,000 14,000 68,000 75,000 What is the total amount of conversion costs incurred during the period? a. $18,000 b. $22,000 c. $32,000 d. $39,000 9. Considering...
COGM, COGS, IS-H2 From the following information for The Smith Manufacturing Company for 2015 prepare: a)...
COGM, COGS, IS-H2 From the following information for The Smith Manufacturing Company for 2015 prepare: a) A Statement of Cost of Goods Manufactured b) A Statement of Cost of Goods Sold c) An Income Statement $1,000,000 50,000 70,000 160,000 120,000 50,000 90,000 Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials purchased Direct labor Law Department Sales commissions Heat for the Home Office building Insurance for the factory Depreciation on factory equipment Factory cafeteria Heat for the warehouse Radio...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,000 Indirect labor 130,000 Property taxes, factory 8,000 Utilities, factory 70,000 Depreciation, factory 240,000 Insurance, factory 10,000 Total actual manufacturing overhead costs incurred $ 473,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 400,000 Direct labor cost $ 60,000 Inventories: Raw materials, beginning $ 20,000 Raw materials, ending $ 30,000 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,000 Indirect labor 130,000 Property taxes, factory 8,000 Utilities, factory 70,000 Depreciation, factory 240,000 Insurance, factory 10,000 Total actual manufacturing overhead costs incurred $ 473,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 400,000 Direct labor cost $ 60,000 Inventories: Raw materials, beginning $ 20,000 Raw materials, ending $ 30,000 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,000 Indirect labor 130,000 Property taxes, factory 8,000 Utilities, factory 70,000 Depreciation, factory 240,000 Insurance, factory 10,000 Total actual manufacturing overhead costs incurred $ 473,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 400,000 Direct labor cost $ 60,000 Inventories: Raw materials, beginning $ 20,000 Raw materials, ending $ 30,000 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
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 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $413,000 $ 73,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 21,300...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 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 process, ending $ 413,000 $...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 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 process, ending $420,000 $ 80,000...
The Film Company uses a job-order costing system. The following information pertains to the company's activities...
The Film Company uses a job-order costing system. The following
information pertains to the company's activities for the month of
December:
On December 1, the company had two jobs in work in process as
follows: Job 6 $20,000 and Job 8 $14,000
On December 1, the company had job in Finished Goods as follows:
Job 10 $50,000
Jobs 12 and 13 were started during the month.
Materials were purchased on account in December for $54,000
Materials were requisitioned for use...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
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 process, ending $ 15,000 130,000 8,000 70,000 240,000 . 10,000 $ 473,000 $...
Chapter 2 8. The Putt-Putt Manufacturing Company makes custom golf clubs. The following information pertains to a recent month's production activities: Beginning Work in Process Inventory Ending Work in Process Inventory Direct materials purchased Direct materials placed in production Direct labor costs incurred Cost of goods manufactured Cost of goods sold $16,000 12,000 35,000 32,000 14,000 68,000 75,000 What is the total amount of conversion costs incurred during the period? a. $18,000 b. $22,000 c. $32,000 d. $39,000 9. Considering...
COGM, COGS, IS-H2 From the following information for The Smith Manufacturing Company for 2015 prepare: a) A Statement of Cost of Goods Manufactured b) A Statement of Cost of Goods Sold c) An Income Statement $1,000,000 50,000 70,000 160,000 120,000 50,000 90,000 Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials purchased Direct labor Law Department Sales commissions Heat for the Home Office building Insurance for the factory Depreciation on factory equipment Factory cafeteria Heat for the warehouse Radio...
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 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $413,000 $ 73,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 21,300...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 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 process, ending $ 413,000 $...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 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 process, ending $420,000 $ 80,000...
The Film Company uses a job-order costing system. The following
information pertains to the company's activities for the month of
December:
On December 1, the company had two jobs in work in process as
follows: Job 6 $20,000 and Job 8 $14,000
On December 1, the company had job in Finished Goods as follows:
Job 10 $50,000
Jobs 12 and 13 were started during the month.
Materials were purchased on account in December for $54,000
Materials were requisitioned for use...
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 process, ending $ 15,000 130,000 8,000 70,000 240,000 . 10,000 $ 473,000 $...
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