Homework Answers
| Computation of Direct material Used - Rocko Bhd. | |
| Beg Inventory | $350.00 |
| Add: Purchase | $28,500.00 |
| Less: Ending Inventory | $500.00 |
| Direct material Used | $28,350.00 |
| Computation of Direct Labour- Rocko Bhd. | |
| Prime Cost | $30,850.00 |
| Less: Direct material Used | $28,350.00 |
| Direct labour | $2,500.00 |
| Computation of Factory Supervisor salary | ||
| Conversion cost | $11,075.00 | |
| Less: Direct labour | $2,500.00 | |
| Less: Overhead other than Factory supervisor salary | ||
| Utilities (4300*75%) | $3,225.00 | |
| Factory Rental | $3,120.00 | |
| Depreciation - Plant Equipment | $1,700.00 | |
| Indirect labour | $290.00 | $8,335.00 |
| Faactory Suprvisor salary | $240.00 | |
| Compuutation of Ccost of Goods Manufactured | ||
| Begining WIP | $430.00 | |
| Direct material Used | $28,350.00 | |
| Direct Labour | $2,500.00 | |
| Manufacturing Overhead (11075-2500) | $8,575.00 | $39,425.00 |
| Manufaturing Cost | $39,855.00 | |
| Less: Ending WIP | -$520.00 | |
| Cost of Goods Manufactured | $39,335.00 | |
| Computation of Gross Profit | ||
| Sales | $72,500.00 | |
| Less: Cost of Goods Sold | $39,190.00 | |
| Gross Profit | $33,310.00 |
Add Answer to:
SECTION B (30 Marks) Answer ALL questions. QUESTION 1 The following information relates to Rocko Bhd....
Part B (10 marks) Direct labour Oscar Production reports the following costs and expenses in May...
Part B (10 marks) Direct labour Oscar Production reports the following costs and expenses in May 2017: S10 200 10 000 Factory electricity cost Factory manager's salary Sales salaries 572 105 51700 1500 Repairs to office equipment 52 600 Indirect factory labour Factory repairs 2 100 16 000 Indirect materials Direct materials used 101 200 143 400 11 240 Advertising cost Office supplies used 4 000 Depreciation on factory equipment Required: Calculate the following costs. Provide a formula and show...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 Direct materials 50,000 37,000 Work in process 38,000 41,000 Finished goods 32,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: Direct materials purchased .............................. $129,000 Depreciation, factory equipment ......................... 37,000 Sales revenue ........................................... 590,000 Utilities (60% for factory; 40% for office building) .... 30,000 Sales commissions ....................................... ? Indirect materials ...................................... 29,000 Depreciation, office equipment .............................
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 Direct materials 50,000 37,000 Work in process 38,000 41,000 Finished goods 32,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: Direct materials purchased .............................. $129,000 Depreciation, factory equipment ......................... 37,000 Sales revenue ........................................... 590,000 Utilities (60% for factory; 40% for office building) .... 30,000 Sales commissions ....................................... ? Indirect materials ...................................... 29,000 Depreciation, office equipment .............................
Question 2: Following are a number of costs that are incurred in a variety of organizations....
Question 2: Following are a number of costs that are incurred in a variety of organizations. Cost Item Cost Behaviour The costs of advertising a U2 rock concert in Vancouver. Depreciation on the Hard Rock Café building in Ottawa. The electrical costs of running a roller coaster at West Edmonton Mall. Property taxes on your local cinema. The costs of synthetic materials used to make Reebok running shoes. The costs of shipping Apple iPods to retail stores. The cost of...
Consider the following information for Huntersville Inc. for the fiscal year ended December 31. Depreciation expense-administrative...
Consider the following information for Huntersville Inc. for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor wages Materials Inventory, Dec. 31 Materials Inventory, Jan. 1 Direct materials purchases Finished goods inventory, Dec. 31 Finished goods inventory, Jan. 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, Dec. 31 Work-in-process inventory, Jan. 1 38,65e 95,500 561,600 40,250 28,500 202,500 24,400 16,900...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities $470 Direct materials used 22,680 Depreciation, factory equipment 1,540 Work in process, 6/1/20 3,540 Direct labor 42,930 Work in process, 6/30/204,880 Maintenance, factory equipment 1,850 Finished goods, 6/1/20 5,940 Indirect materials 2,820 Finished goods, 6/30/20 7,940 Factory manager's salary 3,120 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule Save for Later
Required information The following information applies to the questions displayed below) 1 of 2 The following...
Required information The following information applies to the questions displayed below) 1 of 2 The following calendar year-end Information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company $ Advertising expense Depreciation expense-office equipment Depreciation expenseselling equipment Depreciation expense Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Finished goodsDecember...
Need correct answers with workings to this question asap! I've given all the information below with...
Need correct answers with workings to this question
asap! I've given all the information below with a drop-down list,
and please follow whatever is given, this all the information I
have!
Question 5)
Question 5 Tombert Company is a manufacturer of computers. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. TOMBERT COMPANY Income Statement For the Month Ended October 31, 2020 Sales (net) $ 785,000 Less:...
FA 20 Question 7 Unitas Corporation has the following cost records for June 2020: Indirect factory...
FA 20 Question 7 Unitas Corporation has the following cost records for June 2020: Indirect factory labour $5,000 Factory utilities Direct materials used 25,200 Depreciation, factory equipment Work in process (6/1/20) 3,350 Direct labour Work in process (6/30/20) 3,300 Maintenance, factory equipment Finished goods (6/1/20) 5,400 Indirect materials Finished goods (6/30/20) 8,850 Factory manager's salary $600 1,700 30,000 1,800 2,400 3,300 ts by Study (a) Prepare a cost of goods manufactured schedule for June 2020. UNITAS CORPORATION Cost of Goods...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting recor for 2020: $630,000 Sales revenue Direct materials purchased .... Depreciation, factory equipment ...... Prime costs ....... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ....... Depreciation, office equipment Rent, factory building Direct Labor...
Part B (10 marks) Direct labour Oscar Production reports the following costs and expenses in May 2017: S10 200 10 000 Factory electricity cost Factory manager's salary Sales salaries 572 105 51700 1500 Repairs to office equipment 52 600 Indirect factory labour Factory repairs 2 100 16 000 Indirect materials Direct materials used 101 200 143 400 11 240 Advertising cost Office supplies used 4 000 Depreciation on factory equipment Required: Calculate the following costs. Provide a formula and show...
Consider the following information for Huntersville Inc. for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor wages Materials Inventory, Dec. 31 Materials Inventory, Jan. 1 Direct materials purchases Finished goods inventory, Dec. 31 Finished goods inventory, Jan. 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, Dec. 31 Work-in-process inventory, Jan. 1 38,65e 95,500 561,600 40,250 28,500 202,500 24,400 16,900...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities $470 Direct materials used 22,680 Depreciation, factory equipment 1,540 Work in process, 6/1/20 3,540 Direct labor 42,930 Work in process, 6/30/204,880 Maintenance, factory equipment 1,850 Finished goods, 6/1/20 5,940 Indirect materials 2,820 Finished goods, 6/30/20 7,940 Factory manager's salary 3,120 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule Save for Later
Required information The following information applies to the questions displayed below) 1 of 2 The following calendar year-end Information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company $ Advertising expense Depreciation expense-office equipment Depreciation expenseselling equipment Depreciation expense Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Finished goodsDecember...
Need correct answers with workings to this question
asap! I've given all the information below with a drop-down list,
and please follow whatever is given, this all the information I
have!
Question 5)
Question 5 Tombert Company is a manufacturer of computers. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020. TOMBERT COMPANY Income Statement For the Month Ended October 31, 2020 Sales (net) $ 785,000 Less:...
FA 20 Question 7 Unitas Corporation has the following cost records for June 2020: Indirect factory labour $5,000 Factory utilities Direct materials used 25,200 Depreciation, factory equipment Work in process (6/1/20) 3,350 Direct labour Work in process (6/30/20) 3,300 Maintenance, factory equipment Finished goods (6/1/20) 5,400 Indirect materials Finished goods (6/30/20) 8,850 Factory manager's salary $600 1,700 30,000 1,800 2,400 3,300 ts by Study (a) Prepare a cost of goods manufactured schedule for June 2020. UNITAS CORPORATION Cost of Goods...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting recor for 2020: $630,000 Sales revenue Direct materials purchased .... Depreciation, factory equipment ...... Prime costs ....... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ....... Depreciation, office equipment Rent, factory building Direct Labor...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 4 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago