Homework Answers
Option (e) is correct.
Factory overhead costs include the costs of indirect labor, indirect materials and indirect expenses. It excludes the cost of direct labor and direct material.
Factory overhead cost = $2800 + $5800 + $3600 = $12200
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Comet Company accumulated the following account Information for the year. Beginning raw materials inventory $6, 800...
Comet Company accumulated the following account information for the year. Beginning raw materials inventory Indirect materials...
Comet Company accumulated the following account information for the year. Beginning raw materials inventory Indirect materials cost Indirect labor cost Maintenance of factory equipment Direct labor cost $6,500 2,500 5,500 3,300 7,500 Using the above information, total factory overhead costs would be: Multiple Choice ο $17,300. ο $14,500. ο $18,800. ο $11,300. Prev 20 at 20
28) Comet Company accumulated the following account infomation for the year: 28) Beginning raw materials inventory6,000...
28) Comet Company accumulated the following account infomation for the year: 28) Beginning raw materials inventory6,000 Indirect materials cost Indirect labor cost Maitenance of factory equipmen 2,000 5,000 2,800 Direct labor cost Using the above information, total factory overhead costs would be: D) S15,800 A) $ 16,800. B) $13,000. C) $9.800 E) $7,800. 29) Managerial accounting information 29) A) Can be used for control purposes but not for planning purposes. B) Is used mainly by external users. C) Is generally...
Seved Help Save & Ex TB MC Qu. 14-141 Comet Company accumulated... Comet Company accumulated the...
Seved Help Save & Ex TB MC Qu. 14-141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw materials inventory Indirect materials cost $6,100 2,100 Indirect labor cost 5,100 Maintenance of factory equipment 2,900 7,100 Direct labor cost sing the above information, total factory overhead costs equal: Multiple Choice $10,100. $16,100. $8,000. Multiple Choice $10,100. $16,100. $8,000. $13,300. $17,200.
eLearning -... Mail-hweaver0009... - Databases SCC Sign In - KCTCS Ca... Aparte Beginning raw materials inventory...
eLearning -... Mail-hweaver0009... - Databases SCC Sign In - KCTCS Ca... Aparte Beginning raw materials inventory Indirect materials cost Indirect labor cost Maintenance of factory equipment Direct labor cost $5,999 1,999 4,999 2,790 6,990 Using the above Information, total factory overhead costs equal: Multiple Choice $7.600. $16.400. $15.500 $12.700. < Prev 3 of 38 Co search RE
Raw materials inventory, beginning of year $21,000 Raw materials inventory, end of year
Raw materials inventory, beginning of year $21,000 Raw materials inventory, end of year 23,000 Work in process inventory, beginning of year 55,000 Work in process inventory, end of year 52,000 Finished goods inventory, beginning of year 42,000 Finished goods inventory, end of year 48,000 Raw materials purchased 110,000 Indirect Materials used 6,000 Indirect Labor used 33,000 Direct Labor used 210,000 Depreciation on Factory Machines 22,000 Amount spent on other manufacturing overhead 90,000 Direct labor hours used 15,000 Predetermined overhead rate ...
Help Save & Exit TB MC Qu. 14-142 Asteroid Industries accumulated... Asteroid Industries accumulated the following...
Help Save & Exit TB MC Qu. 14-142 Asteroid Industries accumulated... Asteroid Industries accumulated the following cost information for the year. Direct materials Indirect materials Indirect labor Factory depreciation Direct labor $15, 400 3,400 7,900 12,200 36,400 Using the above information, total factory overhead costs equal Multiple Choice 0 $75,300 O $23.500 O $12.200 mg the above information, total factory overhead costs equal: Multiple Choice Ο Ο $75,300. Ο Ο $23,500. Ο Ο $12,200. Ο S15,600. Η $51,800.
Compute the total manufacturing cost for a manufacturer with the followin information for the month. Raw...
Compute the total manufacturing cost for a manufacturer with the followin information for the month. Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 46, 400 53, 750 13, 600 9,400 10,000 3,600 3, 800 1, 750 Answer is complete but not entirely correct. Total Manufacturing Cost is Computed as: Direct materials used in production Direct labor used in production Factory overhead used in production Raw...
Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw...
Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead $22,200 67,000 23,600 29,400 35,000 49,800 37,000 All raw materials used were traceable to specific units of product. Healey Company's Cost of Goods Manufactured for the year is: Multiple Choice $158,000. $152,400. Loo o C $149,600. $153,000 $146,800.
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
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 $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
Comet Company accumulated the following account information for the year. Beginning raw materials inventory Indirect materials cost Indirect labor cost Maintenance of factory equipment Direct labor cost $6,500 2,500 5,500 3,300 7,500 Using the above information, total factory overhead costs would be: Multiple Choice ο $17,300. ο $14,500. ο $18,800. ο $11,300. Prev 20 at 20
28) Comet Company accumulated the following account infomation for the year: 28) Beginning raw materials inventory6,000 Indirect materials cost Indirect labor cost Maitenance of factory equipmen 2,000 5,000 2,800 Direct labor cost Using the above information, total factory overhead costs would be: D) S15,800 A) $ 16,800. B) $13,000. C) $9.800 E) $7,800. 29) Managerial accounting information 29) A) Can be used for control purposes but not for planning purposes. B) Is used mainly by external users. C) Is generally...
Seved Help Save & Ex TB MC Qu. 14-141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw materials inventory Indirect materials cost $6,100 2,100 Indirect labor cost 5,100 Maintenance of factory equipment 2,900 7,100 Direct labor cost sing the above information, total factory overhead costs equal: Multiple Choice $10,100. $16,100. $8,000. Multiple Choice $10,100. $16,100. $8,000. $13,300. $17,200.
eLearning -... Mail-hweaver0009... - Databases SCC Sign In - KCTCS Ca... Aparte Beginning raw materials inventory Indirect materials cost Indirect labor cost Maintenance of factory equipment Direct labor cost $5,999 1,999 4,999 2,790 6,990 Using the above Information, total factory overhead costs equal: Multiple Choice $7.600. $16.400. $15.500 $12.700. < Prev 3 of 38 Co search RE
Help Save & Exit TB MC Qu. 14-142 Asteroid Industries accumulated... Asteroid Industries accumulated the following cost information for the year. Direct materials Indirect materials Indirect labor Factory depreciation Direct labor $15, 400 3,400 7,900 12,200 36,400 Using the above information, total factory overhead costs equal Multiple Choice 0 $75,300 O $23.500 O $12.200 mg the above information, total factory overhead costs equal: Multiple Choice Ο Ο $75,300. Ο Ο $23,500. Ο Ο $12,200. Ο S15,600. Η $51,800.
Compute the total manufacturing cost for a manufacturer with the followin information for the month. Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 46, 400 53, 750 13, 600 9,400 10,000 3,600 3, 800 1, 750 Answer is complete but not entirely correct. Total Manufacturing Cost is Computed as: Direct materials used in production Direct labor used in production Factory overhead used in production Raw...
Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead $22,200 67,000 23,600 29,400 35,000 49,800 37,000 All raw materials used were traceable to specific units of product. Healey Company's Cost of Goods Manufactured for the year is: Multiple Choice $158,000. $152,400. Loo o C $149,600. $153,000 $146,800.
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 $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
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