Problem 1. The following information relates to Wagner, Inc. ministrative Salaries Vehicle Depreciation actory Repair and...
18) The following information relates to Myer, Inc.: Advertising Costs Sales Salary Sales Revenue President's Salary Office Rent Manufacturing Equipment Depreciation Indirect Materials Used Indirect Labor Factory Repair and Maintenance Direct Materials Used Direct Labor Delivery Vehicle Depreciation Administrative Salaries $10,600 10,000 500,000 230,000 60,500 1200 8000 13,000 920 27,500 36,000 1550 22,000 How much were Myer's product costs? A) $604,650 B) $252,000 C) $510,600 D) $86,620
The following information relates to Curried Away Hot Air Balloons, Inc.: Advertising Costs $ 17,200 Sale Salary Sales Reve 570,000 President's Salary 59,000 Office Rent 61.500 Manufacturing Equipment Depreciation 1,500 Indirect Materials Used 5.400 Indirect Labor 12,600 Factory Repair and Maintenance Direct Materials Used 29,800 Direct Labor 32,400 Delivery Vehicle Depreciation Administrative Salaries 25,500 How much was carried manufacturing overheat? A. $62,200 B S 18.000 C. $ 20,00 D. $ 18, 800 Click to select your answer Kentucky Company was...
The following information relates to Curried Away Hot Air Balloons, Inc Advertising Costs $ 17,200 Sale Salary 570,000 President's salary 59.000 Office Rent 63.500 Manufacturing Equipment Depreciation 1,500 Indirect Materials Used 5400 Tendet Labor 12.00 Factory Repair and Maintenance Direct Materials Used 29,800 Direct Labor Delivery Vehicle Depreciation 660 Administrative Sale 25.500 How much was carried manufacturing overtid? A. $ 62,200 B. 518,000 C. 5 20,00 D. $ 18,00 Click to select your answer Kentucky Company was the indirect method...
Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 7-01 and 7-02 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 7-03 and 7-04 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and...
The following information relates to Marshall Manufacturing's current accounting period: Raw materials used Direct labor wages Sales salaries and commissions Depreciation on production equipment Rent on manufacturing facilities Administrative supplies and utilities Sales revenue Units produced Units sold $ 16,000 32,000 24,000 2,900 3,900 4,000 95,000 3,000 3,000 Based on this information, what is the company's net income? (Do not round intermediate calculations.) Multiple Choice $14,900 $30,200 We were unable to transcribe this image
Problem 14-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017. $55,300 43,200 98,300 20,800 25,900 21,100 142,050 24,660 36,900 $5,100 17,800 31,700 9,250 563,200 4,500 64,200 9,910 1,900 98,000 40,800 Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities...
Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred. Direct labor costs were $49,000 for 1,800 hours worked. Direct materials costing $27,000 and indirect materials costing $4,100 were purchased. Sales commissions of $17,500 were earned by the sales force. $23,000 worth of direct materials were used in production. Advertising...
Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred. Direct labor costs were $43,000 for 1,800 hours worked. Direct materials costing $26,000 and indirect materials costing $4,900 were purchased. Sales commissions of $18,000 were earned by the sales force. $22,000 worth of direct materials were used in production. Advertising...
Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred. Direct labor costs were $47,000 for 1,800 hours worked. Direct materials costing $29,000 and indirect materials costing $4,200 were purchased. Sales commissions of $15,000 were earned by the sales force. $22,000 worth of direct materials were used in production. Advertising...
Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred. Direct labor costs were $42,000 for 1,800 hours worked. Direct materials costing $30,000 and indirect materials costing $4,300 were purchased. Sales commissions of $17,500 were earned by the sales force. $21,000 worth of direct materials were used in production. Advertising...